Securities / Derivatives

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.

Securities / Derivatives

Beijing Authorities Announce Measures to Support Tech Unicorns

By Editors | 17/09/2023

The measures emphasise a focus on facilitating public listings by tech unicorns in both domestic and overseas stock markets.

Capital / Liquidity

BIS Paper Suggests Redesign of AT1 Instruments May Be Warranted

By Editors | 17/09/2023

The paper says some market participants “may not fully appreciate” that writedown conditions  may differ across AT1 instruments.

AML / KYC

Philippine SEC Teams Up With US Counterpart, IOSCO to Tackle Securities-related Crime

By Editors | 15/09/2023

The Philippines SEC is looking to strengthen its enforcement capabilities to protect investors from securities fraud and other forms of investment scams.