Market Abuse

Market Abuse

SFC Penalises Chee Tak Securities and MIC for Regulatory Breaches

By Editors | 19/09/2023

Chee Tak Securities had no written manuals, policies and procedures on recording order instructions, ongoing monitoring, trade surveillance or employee dealing.

Fraud, Scams & Cybercrime

Philippine SEC Teams Up With US Counterpart, IOSCO to Tackle Securities-related Crime

By Editors | 15/09/2023

The Philippines SEC is looking to strengthen its enforcement capabilities to protect investors from securities fraud and other forms of investment scams.

Cryptocurrency

Crypto Leaders Call For Prioritising the ‘Basics’ in Regulation

By Ranamita Chakraborty | 15/09/2023

Ripple CEO Brad Garlinghouse, BitGo CEO Mike Belshe and OKX president Hong Fang discuss the need for clear regulatory priorities in the evolving crypto landscape during a panel discussion at the Token2049 Singapore conference.

Market Abuse

US SEC Charges Virtu For Not Protecting Confidential Customer Data

By Manesh Samtani | 13/09/2023

Virtu describes the lawsuit as retaliation for the company’s public criticism of the SEC’s market structure rule proposals.

Market Abuse

Thai SEC Charges Four Brokerage Execs for Stock Manipulation

By Mark Johnston | 13/09/2023

Criminal charges were filed against four executives of a brokerage firm, including its CEO, for manipulating prices during a 2018 IPO.

Market Abuse

Taiwan FSC Fines Fubon and Prudential Units for Misconduct by Employees

By Editors | 13/09/2023

Two Fubon employees and one Prudential employee mirrored the trades of the funds they were managing, using third-party accounts.

Market Abuse

FSS Korea Calls on Foreign Firms to Tighten Short Selling Controls

By Manesh Samtani | 08/09/2023

FSS deputy governor Kim Jung-tae asked compliance officers from 23 foreign securities firms to help eradicate naked short selling from the market.

Trading & Investment

New Rules for CFD Trading Take Effect in Korea

By Editors | 03/09/2023

Only four of 13 local securities firms that offered CFD trading have decided to resume the service under the new regulations.

Market Abuse

OCCRP Report Deals Fresh Blow to India’s Adani Group

By Mark Johnston | 03/09/2023

The OCCRP says Adani Group breached India’s minimum public shareholding rules. SEBI is waiting for information from five foreign jurisdictions to confirm.