Securities / Derivatives

Enforcement

US Authorities Charge Former Co-CIO of WAMCO with Fraud

By Editors | 26/11/2024

Ken Leech disproportionally allocate winning trades to favoured portfolios and loss-making trades to disfavoured portfolios.

Securities / Derivatives

Hong Kong Connectivity With Mainland Set to Increase

By Manesh Samtani | 25/11/2024

China Vice-Premier He Lifeng, CSRC Chairman Wu Qing and HKMA Chief Eddie Yue discussed new initiatives at the Global Financial Leaders’ Investment Summit.

Securities / Derivatives

BSP to Ease Rules on Cross-Selling Financial Products

By Sanday Chongo Kabange | 25/11/2024

The revised regulations will allow the cross-selling of financial products, including insurance and mutual funds, within financial conglomerates.

Securities / Derivatives

IOSCO Proposes Measures to Tackle Pre-Hedging Risks

By Manesh Samtani | 23/11/2024

IOSCO proposes recommendations to guide regulators in determining acceptable pre-hedging practices and managing the associated conduct risks effectively.

Securities / Derivatives

China: Fund Houses Slash ETF Fees as Active Managers Underperform

By Mark Johnston | 22/11/2024

Major Chinese fund companies have announced significant fee reductions for equity ETFs, intensifying competition in the rapidly expanding market.

Fintech / Regtech

Goldman Sachs to Make GS DAP Platform “Industry-owned”

By Nithya Subramanian | 22/11/2024

Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.

Enforcement

SFC Suspends Former Yuanta Securities Licensee for 26 Months

By Mark Johnston | 22/11/2024

The former licensee had a secret profit-sharing agreement with a client, failed to disclose personal dealings, and made false representations to the SFC.

Enforcement

Former Richmond Fed Official Pleads Guilty to Insider Trading

By Mark Johnston | 22/11/2024

The official used confidential information about FIs under Federal Reserve Bank of Richmond supervision to profit from stock trading.

Market Infrastructure

ASX Amends Position Reporting Framework, Operating Rules

By Editors | 21/11/2024

The changes aim to align terminology with global practice, clarify reporting requirements, and remove burdensome notification requirements.