SECURITIES / DERIVATIVES

Enforcement

Singapore: Former CEO, Three Others Charged for False Trading Offences

By Mark Johnston | 20/09/2023

Goh Jin Hian, the son of former PM Goh Chok Tong, allegedly conspired with three others to create a misleading appearance of the price of New Silkroutes securities.

Securities / Derivatives

Sri Lanka SEC Calls on Stockbroking Firms to Improve Governance

By Duruthu E Chandrasekera | 20/09/2023

SEC chairman asked brokerage firms to improve their understanding of compliance requirements and invest more in technology and infrastructure.

ESG / Sustainability

Bursa Malaysia, IDX, SET to Co-create Interconnected ESG Ecosystem

By Editors | 19/09/2023

The ASEAN exchanges will combine their expertise and resources to spur the adoption of good ESG practices and drive responsible growth of companies.

Enforcement

US SEC Charges NY Investment Firm for Advising Russian Oligarch

By Sanday Chongo Kabange | 19/09/2023

The SEC charged Concord Management and its owner for failing to register as investment advisers while advising a sanctioned Russian oligarch.

Enforcement

SFC Imposes Seven Month Ban on Former Taiping Securities RO

By Editors | 19/09/2023

The former responsible officer logged into clients’ internet trading accounts to place orders for them, and failed to maintain proper records of the order instructions.

ESG / Sustainability

Indonesia to Launch Carbon Exchange Next Week

By Editors | 19/09/2023

IDX will be the operator of the new carbon exchange. OJK said the launch will mark a “new chapter” in Indonesia’s efforts to reduce GHG emissions.

Big Picture

WFE Calls on Policymakers to Better Promote Equity Markets

By Manesh Samtani | 19/09/2023

From a policy perspective, it is important not to approach market-based finance in the same way as banking, the WFE says.

Enforcement

SFC Penalises Chee Tak Securities and MIC for Regulatory Breaches

By Editors | 19/09/2023

Chee Tak Securities had no written manuals, policies and procedures on recording order instructions, ongoing monitoring, trade surveillance or employee dealing.

Enforcement

Affin Hwang Dealer Punished for Misusing Client Funds

By Editors | 18/09/2023

The Affin Hwang Investment Bank dealer’s representative executed personal and unauthorised trades in clients’ accounts.