Market Abuse

Supervision & Enforcement

China Regulators Release First Half Enforcement Stats

By Manesh Samtani | 27/07/2018

During H1 2018, CBIRC fined 798 banks and banned 175 banker as part of its crackdown on risk; meanwhile, CSRC launched 307 investigations and initiated 108 new cases.

Market Abuse

Mizuho To Pay $1.25mn Fine To US SEC

By Manesh Samtani | 26/07/2018

SEC alleged that Mizuho failed to prevent traders sharing stock buyback information pertaining to its issuer clients with each other and with hedge fund clients.

Market Abuse

Beijing High Court Overturns CSRC Fine in Insider Trading Case

By Mark Pufpaff | 20/07/2018

The court overturned a ¥130mn fine due to lack of testimony from the person who allegedly provided the key deal information in the case.

Market Abuse

Korea Exchange to Boost Monitoring of Short Selling

By Garima Chitkara | 19/07/2018

KRX will launch punitive action for breach of short selling norms by Goldman Sachs and boost its monitoring of improper short selling.

Market Abuse

MUFG Brokerage Unit Primary Dealer Status Suspended

By Manesh Samtani | 17/07/2018

Dealer found to be manipulating prices in JGB futures trading, resulting in one-month suspension of the firm’s primary dealer status for one month.

Market Abuse

CBA Enters Enforceable Undertaking with ASIC for BBSW Manipulation

By Manesh Samtani | 12/07/2018

CBA will engage an independent expert to assess changes to the banks’ policies, procedures, systems, controls, training, guidance and framework for the monitoring and supervision of employees and trading in Prime Bank Bills.

Market Abuse

UPDATED – Samsung Securities Fined 144 Million Won For Dividend Error

By Garima Chitkara | 09/07/2018

South Korea’s FSC fined the company for an April ‘fat finger’ error, which led to the firm issuing 2.8 billion […]

Market Abuse

India’s NSE Accused Of Fraud In Algo-Trading Case

By Garima Chitkara | 09/07/2018

India’s securities regulator has issued a notice to NSE for allegedly misuse of its co-location facility by some brokers seeking early access to the exchange’s algo-trading system.

Anti-Bribery & Corruption

UPDATED – Former CSRC Vice Chairman Pleads Guilty to Bribery, Insider Trading

By Emma Zhou | 06/07/2018

Yao Gang charged with taking advantage of his position, accepting money and gifts, and insider trading; two other CSRC officials also charged