ADVERTISEMENT
Enforcement
KRX Probes Market Makers’ Compliance With Short Selling Rules
By Editors | 02/11/2020
The inspection will cover all 22 market makers, focusing on whether they conducted naked short selling and whether they violated the uptick rule.
Enforcement
CBA to Pay Penalty for Increasing Problem Gambler’s Credit Limit
By Editors | 01/11/2020
ASIC launched civil proceedings against CBA in March alleging that the bank failed to take account of a notification by a customer that he was a problem gambler.
Enforcement
MAS Bans Two Former Bankers for Fraud, Dishonest Conduct
By Editors | 01/11/2020
The former OCBC treasury advisor placed unauthorised FX trades in client accounts, while the former UOB relationship manager made unauthorised bank transfers.
Enforcement
SFC Suspends Licence of Mason Securities Representative
By Editors | 30/10/2020
The former licensed representative said she had forgotten to declare an external securities trading account initially, and “could not be bothered to do so subsequently”.
Enforcement
Singapore Courts Charge Two for Cheating, False Trading
By Editors | 30/10/2020
Ex-KTL Global CEO Tan Kheng Yeow and OCBC Securities trading rep Tan Chun Yong are said to have been involved in a conspiracy for false trading.
Enforcement
FSC Korea Consults on Enforcement of New Consumer Protection Law
By Sanday Chongo Kabange | 29/10/2020
The key enforcement proposals relate to consumer rights, the types of firms under scope, and the reach of the new legislation, and the penalties that can be imposed.
Enforcement
SC Malaysia Establishes Task Force to Combat Financial Scams
By Editors | 27/10/2020
SC chairman Datuk Syed Zaid Albar SAID Malaysian nationals lost $220mn to financial scams in the first six months of this year.
Capital / Liquidity
MAS Seeks Removal of REIT Manager for SFA Breaches
By Editors | 27/10/2020
Eagle Hospitality REIT Management breached the minimum base capital and financial resources requirements under the SFA three times in the span of about a year.
Enforcement
Singapore: Ex-Fund Manager Charged for Acts Likely to Defraud Investors
By Editors | 27/10/2020
The former fund manager allegedly sold bonds at lower-than-market prices from one fund he managed to another fund, knowing there were higher offers for the same bonds.
Enforcement
Singapore Police Charge Ex-Remisier with Criminal Breach of Trust
By Sanday Chongo Kabange | 26/10/2020
Over six years, an 86-year-old client entrusted money to the remisier for the purposes of buying shares but no shares were ever purchased.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team