Market Abuse

AI Risk & Governance

Generative AI’s Growing Impact on Capital Markets

By Ranamita Chakraborty | 04/10/2023

Panellists at the ASIFMA Tech & Ops Conference discussed the key applications of generative AI in capital markets and strategies for addressing risks.

Market Abuse

CFTC Fines Goldman for Failing to Prevent Disruptive Trading

By Mark Johnston | 03/10/2023

Goldman’s surveillance was not properly monitoring for disruptive trading and its preventative control to suspend such trading malfunctioned.

Market Abuse

Former Goldman Analyst, Three Others Charged for Insider Trading

By Mark Johnston | 02/10/2023

The former analyst tipped his friends to impending M&A deals. Together they made over $460,000 from trading on nonpublic information.

Anti-Money Laundering

Indian Lawmakers Demand Parliamentary Probe into Adani Group

By Mark Johnston | 29/09/2023

The Congress party says SEBI is reluctant to investigate the allegations against the Adani Group, one of the largest conglomerates in India.

Market Abuse

US SEC Fines Citadel Securities for Violating Short-Selling Rules

By Sanday Chongo Kabange | 24/09/2023

Citadel agreed to pay $7mn to settle charges that it incorrectly marked short sale orders as long sales, and vice versa, over a five year period.

Market Abuse

US Cities Obtain Green Light to Pursue Class Action Against Eight Banks

By Editors | 24/09/2023

Eight US banks are accused of conspiring to artificially inflate the interest rates on debt securities between 2008 and 2016.

Market Abuse

Korea Strengthens Measures for Combatting Unfair Trading

By Mark Johnston | 22/09/2023

The FSC and FSS plan to freeze accounts suspected of unfair trading, and increase the increase rewards for reporting unfair trading.

Market Abuse

ASIC Fines Interactive Brokers Over Client’s Suspicious Trading

By Sanday Chongo Kabange | 21/09/2023

ASIC said the firm was ‘negligent’ in its failure to identify suspicious trading by a client and ‘reckless’ in continuing to allow further suspicious trading after ASIC raised concerns.

Market Abuse

Singapore: Former CEO, Three Others Charged for False Trading Offences

By Mark Johnston | 20/09/2023

Goh Jin Hian, the son of former PM Goh Chok Tong, allegedly conspired with three others to create a misleading appearance of the price of New Silkroutes securities.