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News on regulatory investigations, enforcement actions, and technologies addressing practices like insider trading, market manipulation, and spoofing.
Market Abuse
SFC Orders Brokers to Freeze Client Assets in Market Manipulation Case
By Editors | 22/03/2019
The prohibition orders as part an investigation into suspicious trading which appeared to create a false market in China Ding Yi Feng shares leading to an “irrationally high share price”.
Supervision & Enforcement
MAS Details Enforcement Outcomes, Priorities in Inaugural Report
By Manesh Samtani | 20/03/2019
The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.
Market Abuse
RBI Issues Finalised Guidelines on Market Abuse
By Editors | 18/03/2019
The new rules against market abuse cover market and benchmark manipulation and the misuse of information in markets regulated by the RBI.
Market Abuse
ISDA Consults on Proposals to Clean Up CDS Market
By Editors | 12/03/2019
The proposals seek to end a trading practice of encouraging otherwise healthy companies to default by offering them favourable financing in order to pocket CDS payouts.
Supervision & Enforcement
UBS, StanChart to Settle Hong Kong IPO Misconduct Case
By Editors | 12/03/2019
The case goes back to the 2009 listing of a Chinese timber company, which was later suspended for accounting irregularities. Details of the settlement will be released at a later date.
Market Abuse
S. Korea Mulls Granting Investigative Powers to FSS
By Editors | 06/03/2019
Under the new approach, the FSS will be able to launch investigations without having to first report to the FSC and request warrants to search and seize evidence.
Market Abuse
Hong Kong Court Dismisses Short Seller’s Trading Ban Appeal
By Editors | 28/02/2019
The Court dismissed an appeal from short seller Andrew Left to overturn a 2016 ruling banning him from trading in Hong Kong for five years after he published a report containing false information.
Market Abuse
S. Korea to Crack Down on Unfair Trading Practices
By Editors | 28/02/2019
The FSS plans to tighten monitoring of unfair trading practices, namely high-frequency trading, false disclosures and unlawful short-selling. Merrill Lynch, Franklin Templeton under scrutiny.
Market Abuse
SFC Issues Update on ‘Front Loaded’ Approach to Listing Rules
By Editors | 22/02/2019
The SFC “will not hesitate to intervene at an early stage” when it has serious concerns about IPO applications or post-IPO corporate transactions.
Market Abuse
Hong Kong Finance Manager Convicted of Insider Dealing
By Editors | 21/02/2019
A GEM stock finance manager was in possession of inside information related to unaudited losses and an impending share suspension when he and his father sold their shares in the company.
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