Market Abuse

Market Abuse

CSRC to Bar Departing Senior Officials from IPOs for 10 Years

By Editors | 10/09/2024

The prohibitions would apply to CSRC and stock exchange officials, as well as their parents, spouses, children, and children’s spouses.

KYC & CDD

India: Two FPIs Seek Extension to Comply With New Disclosure Rule

By Ajoy K Das | 10/09/2024

Two Mauritius-based FPIs suspected of being linked to Adani Group have asked for six more months to comply with SEBI’s beneficial ownership disclosure rules.

Market Abuse

MAS Bans Former RHB Securities Representative for False Trading

By Nithya Subramanian | 04/09/2024

A five-year PO was issued against a former representative of RHB Securities for manipulating Catalist-listed Koyo International.

Market Abuse

FINRA Fines BofA & Merrill Lynch $3m for Surveillance Failures

By Nithya Subramanian | 04/09/2024

FINRA said the parameters of the surveillance systems were set too narrowly, leading to failures to detect potentially manipulative trading.

Market Abuse

KOFIA Introduces New Warning System for K-OTC Market

By Editors | 02/09/2024

The new system will warn investors when K-OTC stocks are exhibiting signs of market manipulation or abnormal price surges.

Market Abuse

CFTC Fines Swiss Energy Trader $48m for Market Manipulation

By Nithya Subramanian | 30/08/2024

TOTSA TotalEnergies Trading sold physical EBOB at below-market prices to benefit its large short position in the futures market.

Market Abuse

Thailand Vows Stronger Action Against Capital Market Crime

By Nithya Subramanian | 28/08/2024

AMLO, SEC and SET signed an MOU agreeing to collaborate in the fight against illegal securities trading activities.

Market Abuse

SEBI Bans Anil Ambani from Securities Market for Five Years

By Ajoy K Das | 27/08/2024

Billionaire industrialist Anil Ambani and others allegedly orchestrated a scheme to divert funds from Reliance Home Finance through loans to connected entities.

Cryptocurrency

Korean Regulators Inspect Monitoring Systems for Crypto Market

By Manesh Samtani | 23/08/2024

Inspections found that Korea’s big-five crypto exchanges have established dedicated teams and systems to detect and respond to abnormal trading activities.