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Enforcement
Crypto / Digital Assets
US SEC Secures $21m Settlement from Crypto Lender Genesis
By Editors | 20/03/2024
Genesis will only have to pay the civil penalty after all allowed claims in its bankruptcy are settled, including claims by Gemini Earn investors.
Enforcement
CSRC to Impose Fine and Lifetime Ban on Evergrande Founder
By Editors | 19/03/2024
The company’s flagship unit, Hengda Real Estate, will also pay a CNY 4.2 billion penalty for inflating revenues and defrauding investors.
Enforcement
China’s Didi Required to Face Investor Lawsuit Over 2021 IPO
By Editors | 19/03/2024
Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.
Enforcement
US DOJ Proposes 50 Year Prison Term for FTX Founder
By Mark Johnston | 19/03/2024
Prosecutors proposed a 40-50 year prison term, $11bn fine and forfeiture for Sam Bankman-Fried, who faces sentencing on 28 March.
Enforcement
US SEC Fines Two Investment Advisers for AI Washing
By Editors | 19/03/2024
“Investment advisers should not mislead the public by saying they are using an AI model when they are not,” said the SEC’s Gary Gensler.
Enforcement
China: Police Take “Criminal Coercive Measures” Against Zhongzhi Execs
By Mark Johnston | 18/03/2024
A criminal probe against Zhonzhi was launched in November 2023 after the company, which controls several asset and wealth management firms, said it was “severely insolvent”.
Enforcement
FSC Korea to Take Hana CEO DLF Case to Supreme Court
By Editors | 18/03/2024
The FSC has decided to appeal a High Court ruling that nullified a reprimand warning imposed on Hana Financial Group CEO Ham Young-joo in 2020.
Enforcement
CSRC Unveils New Policies for Boosting Stock Market Quality
By Manesh Samtani | 18/03/2024
The policies tighten the rules for IPO applicants, increase oversight of listed companies, and impose obligations on brokers and investment banks.
Enforcement
US DOJ Probes Adani Group Over Potential Bribery Allegations
By Mark Johnston | 18/03/2024
The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.
Enforcement
Hong Kong ICAC Charges CCB Banker for Taking Bribes
By Sanday Chongo Kabange | 17/03/2024
A former CCB Asia sales executive was charged for taking bribes to expedite the account opening process for six clients.
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