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News on regulatory investigations, enforcement actions, and technologies addressing practices like insider trading, market manipulation, and spoofing.
Market Abuse
FIA Releases Surveillance and Market Abuse Guidelines
By Editors | 09/09/2020
The guidelines cover requirements relating to monitoring, surveillance systems and the filing of suspicious transaction and order reports under the EU’s Market Abuse Regulation.
Market Abuse
SFC Seeks Damages for Tianhe Investors Over Defective Prospectus
By Editors | 07/09/2020
The SFC’s investigation revealed that about 53% of Tianhe’s total track record revenue disclosed in its 2014 IPO prospectus was overstated.
Market Abuse
CSRC Drafts Rules to Force Issuers to Repurchase Fraudulent Issuances
By Lucy Zhang | 27/08/2020
Stock issuers may be ordered to repurchase shares if they conceal material facts or fabricate information in securities issuance documents.
Market Abuse
Singapore CEO Fined Over ‘Interested Person’ Transactions
By Editors | 26/08/2020
Under the Securities and Futures Act, mainboard companies must immediately announce interested person transactions worth over 3% of tangible assets.
Market Abuse
Scotiabank Resolves DOJ, CFTC Spoofing Charges for $127.4m
By Editors | 20/08/2020
Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.
Market Abuse
Singapore Authorities Charge Five Remisiers for False Trading
By Editors | 20/08/2020
The five individuals charged were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.
Market Abuse
Top Chinese Court Issues Guidance on Punishing ChiNext Crimes
By Editors | 19/08/2020
The “zero tolerance” guidance came days before the first batch of companies are set to debut under ChiNext’s new registration-based system.
Fraud, Scams & Cybercrime
MAS Bans Two Individuals for Fraud and Dishonest Conduct
By Editors | 19/08/2020
Prohibition orders were issued against former representatives of Prudential Assurance Company Singapore and Bank of Singapore in two unrelated cases.
Supervision & Enforcement
CSRC Optimises Rules on Administrative Reconciliation
By Lucy Zhang | 13/08/2020
The revisions will help to ensure investors are compensated for losses in a timely manner and market order is restored as soon as possible, the CSRC says.
Market Abuse
China Paves Way for Class Actions in Securities Disputes
By Lucy Zhang | 07/08/2020
New regulations issued by China’s Supreme Court provide channels for small and medium investors to pursue joint litigation in securities disputes.
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