Market Abuse

Market Abuse

ASIC Files Lawsuit Against COFCO for Wheat Futures Manipulation

By Nithya Subramanian | 26/07/2024

ASIC alleged that COFCO manipulated contracts by placing orders shortly before the market close, creating an artificial daily settlement price.

Market Abuse

Korea FSS Takes Action Against BNK Financial Group, Busan Bank

By Editors | 26/07/2024

The FSS found that executives and employees of both companies manipulated BNK Financial’s stock price when going through the process of a paid-in capital increase.

Market Abuse

Kakao’s Billionaire Founder Arrested in South Korea

By Editors | 24/07/2024

Kim Beom-su was arrested on allegations that he played a role in manipulating the stock price of K-pop agency SM Entertainment last year.

Market Abuse

ASIC Charges Four in Telegram ‘Pump and Dump’ Case

By Sanday Chongo Kabange | 24/07/2024

Four individuals coordinated to select penny stock targets and announced those targets in a public Telegram group named the ‘ASX Pump and Dump Group’.

Market Abuse

Hong Kong Court Jails Three in Landmark Manipulation Case

By Sanday Chongo Kabange | 23/07/2024

The jail sentences are the heaviest and longest imposed for market manipulation since the SFO came into effect in 2003.

Market Abuse

Ex-Goldman, Blackstone Analyst Sentenced for Insider Trading

By Editors | 19/07/2024

The former analyst passed MNPI to a friend and a family member who made a combined $400,000 in illegal profits.

Trading & Investment

NZX Consults on Regulatory Settings for Index Futures Relaunch

By Manesh Samtani | 19/07/2024

One of the changes is to reduce the unit of trading from NZD 25 to NZD 1 to enable greater participation from smaller investors.

Cryptocurrency

New Virtual Asset Law Takes Effect in South Korea

By Manesh Samtani | 19/07/2024

The FSC expects the law to establish a foundation to provide safe protection for users and sound order in the virtual asset market.

Market Abuse

KRX Commences Work on Short Selling Monitoring System

By Sanday Chongo Kabange | 19/07/2024

KRX plans to recruit contractors early next month to work on the new monitoring system, which will launch by the end of March next year.