Market Abuse

Cryptocurrency

Japan FSA Publishes New Draft Framework on Crypto Assets

By Manesh Samtani | 19/12/2018

The framework will impose restrictions on privacy coin listings, margin trading, derivative transactions and ICOs, and introduce new requirements to protect investors against hacks.

Conduct, Culture & Accountability

ACCC to Get A$35mn to Pursue Anti-Competitive Behaviour

By Editors | 18/12/2018

New specialist investigators are expected to bring more competition cases to court each year and boost prosecutions of criminal cartels, especially in the financial sector.

Market Abuse

IT Consultant of Singapore Investment Bank Charged with Insider Trading

By Editors | 10/12/2018

The US SEC has filed charges against an outsourced IT contractor for trading on inside information while working at the Singapore branch of an investment bank.

Supervision & Enforcement

Korean Regulators Become Latest Signatories to IOSCO EMMoU

By Editors | 07/12/2018

South Korea’s FSC and FSS have jointly become the 10th member of IOSCO’s EMMoU, which enables cross-border sharing of audit papers and telecommunications and internet records.

Market Abuse

Soros-Linked Fund Manager Fined in Hong Kong for Naked Short Selling

By Editors | 07/12/2018

SFM HK Management Ltd, owned by New York’s Soros Fund Management, was fined HK$1.5mn for short selling Great Wall Motors bonus shares before they were available for trading.

Market Abuse

S. Korea Fines Goldman $6.7m for Naked Short Selling

By Editors | 29/11/2018

The FSC found that  Goldman Sachs conducted naked short selling worth about KRW 40 billion in late May. Naked short selling is prohibited in South Korea.

Market Abuse

Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct

By Editors | 27/11/2018

The Tokyo Stock Exchange will examine Nissan’s internal controls and consider punitive penalties including possible delisting, amid allegations of financial misconduct by its former chairman.

Market Abuse

Australian Court Orders A$3.3mn Penalty for Westpac BBSW Misconduct

By Manesh Samtani | 11/11/2018

The penalty is far less than the combined A$125mn that NAB, ANZ and CBA paid to settle their own BBSW cases with ASIC out of court.

Market Abuse

S. Korea Probes JPMorgan, Citibank in Unresolved Rate Rigging Cases

By Editors | 06/11/2018

JPMorgan and Citibank are still being investigated in an ongoing price manipulation probe by the Fair Trade Commission and FSS which dates back to 2011, reports local media.