Market Abuse

Market Abuse

Goldman, Credit Suisse Raided in Seoul in Samsung BioLogics Probe

By Editors | 15/04/2019

Prosecutors are reportedly looking for information about a scrapped Nasdaq listing of a Samsung BioLogics subsidiary, to shed light on possible accounting irregularities.

Cryptocurrency

Japan FSA Proposes Stronger Regulation for Crypto Assets

By Editors | 13/04/2019

In a bill to amend the law, the FSA proposes the introduction of stronger protections for investors and restrictions to prevent misconduct in the crypto sector.

Market Abuse

S. Korea Fines Another Goldman Affiliate for Naked Short Selling

By Editors | 10/04/2019

Goldman Sachs India Investment, along with three other offenders, has been fined for naked shorting by South Korean authorities

Market Abuse

Singapore Charges Three for Spoofing Index Futures

By Editors | 28/03/2019

In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.

Market Abuse

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

By Editors | 27/03/2019

Citigroup’s London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.

Market Abuse

SEBI Seeks Broader Powers to Pursue Securities Law Violations

By Editors | 25/03/2019

SEBI wants to be able to inspect the books of listed companies when it suspects any securities law violations, and to impose penalties for the manipulation of a company’s accounts.

Supervision & Enforcement

ASIC, APRA, Courts to Get More Funding to Pursue Misconduct

By Manesh Samtani | 25/03/2019

In the 2019-2020 budget, Australia’s government will provide more than A$585mn in new funding to regulators and the court system to help stamp out financial sector misconduct.

Market Abuse

S. Korea FSS’ Integrity Questioned in Local Report

By Editors | 22/03/2019

As discussions progress on granting the FSS greater investigative powers, a local media report raised questions on the regulator’s integrity, citing its 2018 requests that fines against its staff be dismissed.

Market Abuse

Singapore Court Issues First Jail Sentence for 2013 Penny Stock Crash

By Editors | 22/03/2019

Former Ipco International interim CEO Goh Hin Calm was sentenced to three years imprisonment for his role in the 2013 multi-billion-dollar penny stock crash.