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News on regulatory investigations, enforcement actions, and technologies addressing practices like insider trading, market manipulation, and spoofing.
Market Abuse
CEO Faces 112 Charges of Market Rigging in Singapore
By Editors | 06/08/2020
CEO and chairman of SGX-listed KS Energy is alleged to have engaged in conduct to push up his company’s stock and create a misleading appearance of its price.
Trading & Investment
SSE, SZSE Issue Rules on the Exchange of Corporate Bonds
By Editors | 05/08/2020
The rules require companies that issue replacement bonds to exchange for maturing debt to make exchange offers to all bondholders on an “equal and voluntary basis”.
Market Abuse
FMSB Publishes Spotlight Review on Market Surveillance
By Sanday Chongo Kabange | 04/08/2020
The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.
Market Abuse
SEBI Offers One-time Settlement for 500+ Errant Brokers
By Editors | 29/07/2020
SEBI identified instances where trading participants were consistently making losses on stock options trading, only to reverse the losses later in the day or the next day.
Trading & Investment
Why Do Electronic Traders Cancel Orders?
By Jamil Nazarali | 28/07/2020
Jamil Nazarali at Citadel Securities explains what ever-increasing speeds for issuing and canceling orders tell us about today’s market structure.
Supervision & Enforcement
UPDATED – Malaysia, Goldman Agree to Settle 1MDB Charges
By Editors | 24/07/2020
Malaysia will drop all criminal charges against Goldman Sachs in exchange for a $2.5bn cash payment and help recovering an additional $1.4bn from 1MDB-related assets seized globally.
Market Abuse
CSRC to Punish 258 Firms Illegally Financing Margin Trading
By Editors | 09/07/2020
The CSRC warns that illegal lenders are offering margin loans via websites, mobile apps and social media, promising investors 10 times leverage and high profits.
Market Abuse
ASIC Penalises Credit Suisse for Breaching Trading Rules
By Editors | 05/07/2020
Credit Suisse did not match client orders for on-market buy-backs on an order book as is required by ASIC’s market integrity rules.
Fraud, Scams & Cybercrime
UPDATED – Wirecard Fraud: A Timeline of Events
By Editors | 30/06/2020
Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.
Market Abuse
CSRC Imposes Record Penalty in Insider Trading Case
By Editors | 26/06/2020
A Shanghai entrepreneur and his daughter were penalised a total 3.6bn yuan, representing a record fine and confiscation of illegal gains.
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