Market Abuse

Anti-Bribery & Corruption

HK Court Orders Confiscation of HK$63m from Bribery Case

By Mark Johnston | 12/05/2023

The investor bribed a former Deutsche Bank director to obtain insider information to help him trade derivative warrants.

Market Abuse

Ex-Coinbase Employee Sentenced to Jail for Insider Trading

By Editors | 11/05/2023

The former Coinbase product manager was sentenced to two years in prison for feeding his brother and a friend information about upcoming crypto listings.

Market Abuse

S. Korea: Key Suspect Detained in Stock Manipulation Case

By Editors | 10/05/2023

Ra Deok-yeon allegedly used order matching to inflate stock prices and defraud investors. Two other key suspects were also detained.

Market Abuse

US Authorities Investigating Short Sales of Banking Stocks

By Editors | 09/05/2023

SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.

Supervision & Enforcement

US SEC Issues Record-breaking $279m Whistleblower Award

By Editors | 08/05/2023

The size of the award should incentivise whistleblowers to come forward about potential securities law violations, said the SEC’s Gurbir Grewal.

Supervision & Enforcement

Singapore Lays Three More Charges Against Hyflux Founder

By Editors | 07/05/2023

Singapore’s Public Accountants Oversight Committee has also issued orders against Hyflux auditors from KPMG LLC for five years of financial statements.

Market Abuse

US SEC Probing Insider Trading by First Republic Execs – Report

By Editors | 07/05/2023

The SEC is looking into whether executives of First Republic improperly traded on inside information before the government seized the bank and sold it to JPMorgan.

Market Abuse

UK FCA Fines Banque Havilland for Alleged Manipulative Trading

By Sanday Chongo Kabange | 06/05/2023

Banque Havilland employees including the CEO created and distributed a document containing “manipulative trading strategies” aimed at harming Qatar’s economy.

Market Abuse

FSS Korea Uncovers First “Malicious” Cases of Naked Short Selling

By Editors | 06/05/2023

The FSS uncovered cases where market participants deliberately short-sold securities without first borrowing the stock in a bid to “maximise trading profits”.