Market Abuse

Market Abuse

Korea FSS Says Naked Short Selling Has ‘Significant Impact’

By Mark Johnston | 18/01/2024

Illegal short selling has a “significant impact” on certain stocks, the FSS said in response to concerns that its short-selling ban may not have been justified.

Market Abuse

CSRC Fines Three Executives for Stock Price Manipulation

By Sanday Chongo Kabange | 16/01/2024

Following its investigation, the CSRC has imposed a total fine of CNY 661 million.

Market Abuse

Korea Confirms Illegal Short Selling by Two More Global Banks

By Editors | 15/01/2024

The FSS said it has confirmed that two investment banks submitted naked short selling orders worth a combined KRW 54 billion.

Market Abuse

US SEC, DOJ Settle Morgan Stanley Block Trading Probe

By Sanday Chongo Kabange | 15/01/2024

Morgan Stanley agreed to pay more than USD 249 million to settle fraud charges and for failing to enforce information barriers.

Cryptocurrency

FINRA Report Describes Crypto-related Compliance Risks

By Mark Johnston | 12/01/2024

FINRA says member firms must notify it if they or their affiliates engage or plan to engage in crypto asset-related activities.

Cryptocurrency

Korea FSS Forms Virtual Asset Supervision and Investigation Bureau

By Manesh Samtani | 12/01/2024

The new bureau will establish a supervision and inspection system equivalent to that of other financial institutions, the FSS said.

Trading & Investment

SEBI Tightens Rules for Disclosing Short Selling Trades

By Ajoy K Das | 07/01/2024

Institutional investors must disclose short selling transactions upfront. Individual investors must disclose the same at the end of each trading day.

Anti-Bribery & Corruption

Former PBOC Official Sentenced to Over 16 Years Jail for Corruption

By Editors | 29/12/2023

The former head of the PBOC’s monetary policy department helped others obtain confidential information in return for illicit payments worth CNY 21 million.

Market Abuse

Shanghai Court Settles China’s First Securities Class Action Lawsuit

By Editors | 28/12/2023

The court ordered Essence Information Technology to pay more than CNY 280 million to a total 7,195 investors.