Securities / Derivatives

Enforcement

Hong Kong Court Convicts Former Fulbright Securities AE

By Editors | 17/10/2022

The former account executive, banned for life in 2017, pleaded guilty to employing a fraudulent scheme involving securities transactions in eight stocks.

Fintech / Regtech

Thai SEC Launches New E-Licensing Services Pilot

By Editors | 15/10/2022

The services will initially allow online submissions of applications for two types of licenses. Full e-licensing services will launch in Q1 2023.

AML / KYC

Glencore Facing Investor Lawsuits Following Bribery Conviction

By Editors | 14/10/2022

Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.

Securities / Derivatives

UBS, HSBC Facilitate First QFII Commodity Derivatives Trades in China

By Editors | 14/10/2022

China has recently expanded its QFII programme to include more than 40 commodity futures and options contracts, as well as CFFEX stock options.

Securities / Derivatives

Taiwan FSC Further Tightens Short Selling Rules

By Editors | 14/10/2022

The FSC already tightened its short selling regulations at the beginning of this month to stabilise the local stock market.

Securities / Derivatives

US SEC Approves Update to Electronic Recordkeeping Rule

By Editors | 13/10/2022

The amendments add an audit-trail alternative allowing electronic records to be preserved in a way that permits recreation if original records are altered, over-written, or erased.

Fintech / Regtech

IOSCO Offers Guidance on Curbing Online Misconduct

By Editors | 13/10/2022

IOSCO’s new report offers recommendations to address risks from online marketing and distribution of financial products targeting retail investors.

Enforcement

SFC Fines Asset Manager Over European Rule Breaches

By Editors | 12/10/2022

ARCM failed to implement adequate systems and controls to monitor its short position and ensure it was properly reported and disclosed to the public.

ESG / Sustainability

Singapore: SIAS Joins Fight Against Greenwashing

By Editors | 12/10/2022

Chief executive David Gerald said the Securities Investors Association of Singapore working to enhance its guidance for annual reports to combat greenwashing.