Market Abuse

Stablecoins

US SEC Fines Unit of Jump Trading Over TerraUSD Collapse

By Editors | 21/12/2024

The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.

Market Risk

PBOC Warns FIs Against Excessive Bond Market Trading

By Manesh Samtani | 19/12/2024

The PBOC revealed that comprehensive investigations were underway to crack down on possible bond market violations.

Market Abuse

JSDA Fines Nomura Over JGB Futures Manipulation Case

By Editors | 19/12/2024

The FSA, OSE and TSE have each already penalised Nomura Securities for JGB futures manipulation by one of its traders in March 2021.

Alternative Markets

FCA Proposes Rules for New Stock Market for Private Companies

By Editors | 18/12/2024

PISCES will allow private and other unquoted UK and overseas companies to trade their securities during intermittent trading windows.

Cryptocurrency

FCA Proposes New Rules to Prevent Abuse in Crypto Markets

By Mark Johnston | 17/12/2024

CATPs will have to establish robust due diligence processes for new listings, produce disclosure documents, and implement market abuse related systems and controls.

Market Abuse

JPX Penalises Nomura Over JGB Futures Manipulation Case

By Sanday Chongo Kabange | 17/12/2024

OSE has imposed a fine and a threeday JGB futures trading suspension on Nomura Securities while the TSE issued a reprimand.

Market Abuse

US SEC Fines Cantor Fitzgerald Over Misleading SPAC Disclosures

By Editors | 16/12/2024

Cantor Fitzgerald failed to disclose that it had already commenced negotiations with merger targets for two SPACs prior to their IPOs.

Market Abuse

FSC Korea Refers First Finfluencer Cases for Prosecution

By Editors | 09/12/2024

The FSC said the finfluencers pre-purchased stocks and then recommended and sold those stocks to their subscribers to make unfair profits.

Market Abuse

Barclays Agrees to Settle Class Action Over Securities Over-issuances

By Thisanka Siripala | 05/12/2024

Barclays agreed to pay $19.5mn to settle claims that shareholders lost money because they relied on the bank’s assurances that it had strong internal controls.