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Enforcement
SFC Bans Former Senior Manager of Citigroup Asia Unit for Misconduct
By Editors | 07/03/2023
Philip Shaw’s misconduct was “intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests,” the SFC said.
Securities / Derivatives
Chinese Stock Exchanges Probe Large Covid-related Writedowns – Report
By Editors | 06/03/2023
The Shanghai and Shenzhen stock exchanges have queried companies over why they wrote down the value of assets last year.
Enforcement
LME Faces First Ever Enforcement Probe Over Nickel Market Suspension
By Editors | 06/03/2023
This is the first time UK regulators have opened an enforcement investigation against an exchange, which observers say could point to serious misconduct or compliance failures.
Securities / Derivatives
Foreign Firms Announce New Mutual Fund Launches in China
By Manesh Samtani | 06/03/2023
Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.
Market Infrastructure
Stock Connect Expansion to Launch on 13 March 2023
By Manesh Samtani | 06/03/2023
Mainland investors will have access to about 80 more HK-listed stocks; International investors will have access to more than 1,000 more Mainland-listed stocks.
Enforcement
SEBI Bars Former Chief Dealer of Axis Mutual Fund and Others
By Editors | 05/03/2023
The former chief trader of Axis Mutual Fund is alleged to have conceived of a “fraudulent scheme” with other “unscrupulous entities” to front-run trades.
Enforcement
SFC Bans Ex-Convoy Licensee Over Stock Manipulation Scheme
By Editors | 05/03/2023
A Convoy Asset Management consultant was banned for life for his role in a stock manipulation scheme and for lying to the SFC.
Securities / Derivatives
Indonesia Set to Lift Pandemic Restrictions on Stock Market
By Editors | 04/03/2023
From April, OJK will allow short-selling to resume for some stocks, bring back pre-pandemic auto-rejection rules, and adjust trading hours.
Securities / Derivatives
India Supreme Court Orders Probe into Adani Group
By Editors | 03/03/2023
A committee has been formed to examine the Hindenburg allegations against Adani Group and suggest measures to protect investors. A probe by SEBI was also ordered.
AML / KYC
SFC Calls on Investors to Provide Consent for HKIDR Regime
By Editors | 03/03/2023
After the launch of HKIDR on 20 March, investors who haven’t provided consent will not be able to buy securities on the stock exchange.
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