Market Abuse

Market Abuse

UPDATED – HK Police Charge 10 Suspects for Ramp-and-Dump Activities

By Editors | 06/04/2023

Four of the individuals are alleged to have conspired with some of the individuals who were charged last September to use nominee accounts to corner the shares of two target stocks.

Anti-Bribery & Corruption

China Deepens Financial Sector Corruption Crackdown

By Editors | 05/04/2023

Officials told bankers they should learn lessons from Bank of China chairman Liu Liange, who was recently placed under investigation.

Market Abuse

SEBI Probing Related Party Transactions at Adani Group

By Editors | 04/04/2023

SEBI is probing three offshore entities which entered into investment transactions with unlisted Adani Group units over the last 13 years.

Supervision & Enforcement

Swiss Prosecutor Opens Criminal Probe Into Credit Suisse Takeover

By Editors | 03/04/2023

The prosecutor is looking into potential breaches of Switzerland’s criminal law by government officials, regulators and bank executives.

Market Abuse

US SEC Charges Two Over SPAC Insider Trading Scheme

By Sanday Chongo Kabange | 02/04/2023

The duo used non-public information in advance of at least 7 merger announcements involving SPACs to earn illicit profits of more than $3.4mn.

Market Abuse

US Court Dismisses Archegos-related Lawsuit Against Banks

By Editors | 01/04/2023

The judge ruled that Goldman Sachs and Morgan Stanley were not liable to investors for selling stocks they knew Archegos would be forced to sell.

Cryptocurrency

US SEC Forces Shut Down of Crypto Platform Beaxy

By Sanday Chongo Kabange | 30/03/2023

The SEC charged Beaxy and its affiliates for performing the functions of an exchange, broker, clearing agency, and dealer without registration.

Anti-Money Laundering

CFTC Alleges Binance is Operating in the US Illegally

By Editors | 28/03/2023

The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.

Liquidity Risk

US Lender PacWest Facing Lawsuit Despite Securing Lifeline

By Editors | 27/03/2023

Regional bank PacWest secured $1.4bn in additional liquidity via Atlas SP Partners, an investment firm launched out of Credit Suisse’s securitised-products group.