Market Abuse

Market Abuse

Japan Investigates Bank Employee for Insider Trading

By Thisanka Siripala | 14/02/2025

A former employee of Sumitomo Mitsui Trust Bank is suspected of making illegal profits from stock transactions based on non-public tender offer information.

Cryptocurrency

US SEC Delays Outstanding Crypto Cases Pending Regulatory Clarity

By Mark Johnston | 13/02/2025

The US SEC agreed to pause court cases against Binance and Cumberland DRW while its new crypto task force formulates regulatory guidelines.

Market Abuse

HSBC Acquitted of Violating South Korea’s Short-Selling Rules

By Thisanka Siripala | 12/02/2025

The court said there was no evidence to support the idea that HSBC and its traders knowingly violated South Korea’s Capital Markets Act

Fraud, Scams & Cybercrime

Tokyo Police Arrest Former Nomura Employee on Fraud Charges

By Thisanka Siripala | 11/02/2025

The former employee offered a false investment story to an elderly customer and defrauded her of JPY 10 million

Market Abuse

JPX Cuts Pay of Top Executives Over Insider Trading Case

By Thisanka Siripala | 05/02/2025

JPX also released a report prepared by an independent directors’ investigation committee, which described the insider trading case as “unprecedented”​

Market Abuse

Former Archegos CFO Sentenced to 8 Years in Prison

By Thisanka Siripala | 04/02/2025

Former CFO Patrick Halligan played a key role in helping Archegos obtain loans and in concealing risks from counterparties and others.

Market Abuse

US Authorities Secure Settlement With Crypto Market Maker

By Nithya Subramanian | 24/01/2025

CLS Global admitted to providing market-making services for NexFundAI, a token created by the FBI to help it uncover crime

Market Abuse

Korean Regulators Refer Crypto Manipulation Case for Prosecution

By Mark Johnston | 23/01/2025

The case is the first processed in accordance with the official investigation procedures set by the new Virtual Asset User Protection Act

Cryptocurrency

NYDFS Issues Alerts on Proliferation of Meme Coins

By Nithya Subramanian | 22/01/2025

The NYDFS said that meme coins are not subject to rigorous regulatory standards and that their creators are often involved in “pump-and-dump schemes”.