Market Abuse

Market Abuse

Australia: Ex-Tesla Director Sentenced for Insider Trading

By Editors | 23/03/2023

Tesla’s Australia director used confidential information to profit from buying and selling Piedmont Lithium shares on the ASX.

Cryptocurrency

US SEC Simultaneously Charges Crypto Founder, Eight Celebrities

By Editors | 23/03/2023

Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT markets, and paid celebrities to tout the offerings without disclosing their compensation.

Market Abuse

India Supreme Court Orders SEBI to Refund NSE

By Editors | 20/03/2023

Supreme Court quashes SEBI’s orders against NSE for alleged lapses in network systems that favoured high-frequency traders.

Market Abuse

SFC, ICAC Arrest Five More Ramp-and-Dump Syndicate Members

By Editors | 16/03/2023

The arrestees include qualified accountants and senior executives of a number of Hong Kong-listed companies, the SFC and ICAC said.

Market Abuse

US Prosecutors Probe Possible Terra Manipulation by Trading Firms

By Editors | 15/03/2023

SDNY prosecutors are said to be looking into Telegram chats among employees at Jump Trading and Jane Street from last May.

Market Abuse

FSC Korea Uses Enhanced Penalties Regime for the First Time

By Editors | 13/03/2023

Two firms were fined a combined KRW 5.05 billion (USD 3.9 million) for naked short selling. The names of the firms were not released.

Market Abuse

Chinese Stock Exchanges Probe Large Covid-related Writedowns – Report

By Editors | 06/03/2023

The Shanghai and Shenzhen stock exchanges have queried companies over why they wrote down the value of assets last year.

Conduct, Culture & Accountability

Conduct and Control: Centralizing Trade Monitoring to Combat Market Misconduct

By Eventus | 06/03/2023

This white paper by Eventus examines how regulators approach market disruption in the digital era, and how institutions are responding. Discover how institutions are breaking down boundaries in trade compliance, and what it means for operational efficiency.

Market Abuse

SEBI Bars Former Chief Dealer of Axis Mutual Fund and Others

By Editors | 05/03/2023

The former chief trader of Axis Mutual Fund is alleged to have conceived of a “fraudulent scheme” with other “unscrupulous entities” to front-run trades.