Enforcement

Enforcement

Ex-OpenSea Manager Convicted for NFT Insider Trading Scheme

By Editors | 05/05/2023

Nathaniel Chastain chose which NFTs to feature on OpenSea’s home page and then covertly traded those NFTs, altogether making about $57,000 in profits.

AML / KYC

Taiwan P2P Lender Collapses, Operator Arrested for Fraud

By Editors | 05/05/2023

The FSC is investigating five banks that dealt with the P2P lending platform, which was operated as a Ponzi scheme and stole an estimated $81.6mn from investors.

Enforcement

Goldman Under Probe for Possible Role in SVB Collapse

By Editors | 05/05/2023

Goldman Sachs said it is cooperating with governmental bodies in connection with their investigations and inquiries into SVB.

Enforcement

CFTC Suspends Longest Serving Inspector General for Misconduct

By Editors | 05/05/2023

An oversight body for inspectors general found that Roy Lavik wasted government funds, revealed the identities of whistleblowers, and disparaged employees.

Enforcement

Australia Court Sentences ‘Finfluencer’ for Manipulation

By Editors | 04/05/2023

This is the first time a person has been sentenced under a provision of the Corporations Act that covers the dissemination of information about illegal transactions.

Enforcement

SEBI Seeks More Time to Complete Adani Group Probe

By Editors | 04/05/2023

The probe has made slow progress because of difficulties obtaining information from foreign regulators. Some foreign funds have also refused to identify their beneficial owners.

Enforcement

ASIC Penalises Stockbroker for Mishandling Stock Buyback

By Editors | 04/05/2023

During an on-market buyback, Ord Minnett executed a pre-arranged transaction to buy shares at above-market prices, giving “preferential treatment” to the selling client.

Enforcement

Former CITIC Bank Exec Engaged in Insider Dealing, SFC Says

By Editors | 04/05/2023

The former executive of China CITIC Bank International made HK$3mn from using inside information to trade shares of Bloomage BioTechnology Corporation.

ESG / Sustainability

Australia: Taxonomy Needed to Effectively Combat Greenwashing

By Editors | 03/05/2023

Minister Stephen Jones said ASIC will only be able to catch the most egregious examples of greenwashing unless Australia gets its taxonomy right.