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ENFORCEMENT
Enforcement
Two of Korea’s Largest Financial Groups Facing Regulatory Scrutiny
By Editors | 05/11/2024
The FSS is scrutinising KB Financial Group for its poor management of its Indonesia business, and Woori over organisational culture issues.
Enforcement
US SEC Fines JPMorgan Units $151m for Regulatory Violations
By Editors | 05/11/2024
The amount includes $61mn of civil penalties and $90mn of reimbursements to customers, settling five separate enforcement actions brought by the SEC.
Sanctions
US Commerce Dept Fines Chipmaker Over Shipments to China
By Editors | 04/11/2024
The chipmaker shipped semiconductor wafers to a Chinese firm on the Entity List without a licence, due to a data entry error that impacted its transaction screening system.
Enforcement
Japan FSA Fines Nomura Securities for JGB Futures Manipulation
By Editors | 03/11/2024
Several executives also agreed to a two-month pay cut. It was separately reported that a former Nomura Securities employee was arrested on suspicion of robbery and attempted murder.
Enforcement
Google’s Russia Fines Have Grown to Over $20 Decillion
By Editors | 02/11/2024
A Russian court imposed a daily penalty that had been doubling weekly against Google for blocking the YouTube accounts of Russian broadcasters.
Enforcement
Global Operation Dismantles Major Malware Operations: Eurojust
By Nithya Subramanian | 02/11/2024
Authorities shut down servers and seized domains linked to RedLine and META, which stole personal data from millions of victims worldwide.
Enforcement
CSRC Penalises CICC Over Sponsor Due Diligence Failures
By Editors | 02/11/2024
CICC was fined for failure to perform due diligence as the IPO sponsor of S2C Limited, which was found to have inflated its financial results.
Enforcement
Former Dealer Jailed for Manipulating Singapore-listed Stocks
By Editors | 02/11/2024
The former dealer spoof the market 215 times between August 2020 and March 2021, resulting in over SGD 250,000 in illicit gains.
Enforcement
FSS Probing Mirae Asset Securities in Korea Zinc Case
By Editors | 02/11/2024
Mirae was involved in Korea Zinc’s recent share buyback and is also the underwriter of rights issue that was announced shortly afterwards.
Crypto / Digital Assets
FTX’s Former Engineering Director Spared Prison Time
By Nithya Subramanian | 01/11/2024
Nishad Singh has avoided prison time after cooperating with prosecutors. But the court has ordered him to pay $11bn in restitution.
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