Enforcement

Securities / Derivatives

TWSE Probes Foreign Securities Firms Over Research Reports

By Darien Choong | 29/03/2022

There have been rumours that foreign securities firms have been selling off stocks before they achieve the target prices specified in published research reports.

Enforcement

SFC Bans BNP Representative for Unauthorised Discretionary Trading

By Editors | 29/03/2022

The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.

Enforcement

Singapore Jails Nominee Director for Facilitating Illicit Activities

By Editors | 29/03/2022

The director of corporate service provider 3E Accounting served as local resident director of four companies whose bank accounts were used to receive criminal proceeds.

Enforcement

CSRC Fines Securities Firm Over Client Records Management

By Editors | 29/03/2022

Shenwan Hongyuan Securities failed to appropriately manage its online investment advisory business on Ant Group’s wealth management app.

Enforcement

SEBI Probes Investment Banks Over Possible Insider Trades

By Editors | 27/03/2022

SEBI’s new AI-based surveillance systems have detected possible insider trades by related parties of investment bankers.

Enforcement

Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others

By Editors | 24/03/2022

Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.

Enforcement

ASIC Probes Fund Managers for Misleading Marketing

By Sanday Chongo Kabange | 24/03/2022

ASIC is assessing whether fund managers made false or misleading statements or engaged in misleading or deceptive conduct when marketing their funds.

Enforcement

ACCC Launches Court Proceedings Over Crypto Ads on Facebook

By Editors | 23/03/2022

The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.

Enforcement

HK Police Arrest 38 Individuals for Covid Loan Fraud

By Editors | 23/03/2022

The individuals set up 53 shell companies and submitted false documents to banks to obtain loans under the government support scheme for Covid hit businesses.