Market Abuse

Anti-Bribery & Corruption

China Charges Ex-President of China Merchant Bank for Corruption

By Editors | 04/03/2023

Tian Huiyu, who built China Merchants Bank into the nation’s top retail bank, faces charges related to abuse of power, insider trading, and leaking internal information.

Market Abuse

India Supreme Court Orders Probe into Adani Group

By Editors | 03/03/2023

A committee has been formed to examine the Hindenburg allegations against Adani Group and suggest measures to protect investors. A probe by SEBI was also ordered.

Cryptocurrency

NYDFS Enhances Capabilities to Detect Crypt-related Crime

By Editors | 22/02/2023

The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.

Cryptocurrency

US SEC Fines Former NBA Star Over Crypto Promotion

By Editors | 20/02/2023

Paul Pierce promoted crypto asset securities known as EMAX tokens on social media without disclosing that he was paid to do so.

Fraud, Scams & Cybercrime

Crypto Crime Rose to Over $20b in 2022: Chainalysis

By Editors | 17/02/2023

Overall, Chainalysis says illicit activity in cryptocurrency remains a small share of total volume at less than 1 percent.

Market Abuse

Japan Court Orders SMBC Nikko to Pay 5 Billion Yen Penalty

By Editors | 15/02/2023

SMBC Nikko Securities propped up the prices of ten stocks before arranging block trades between major shareholders and investors.

Market Abuse

SEBI Confirms Adani Probe, DBS Explains Exposures

By Manesh Samtani | 14/02/2023

SEBI enquiring into the Hindenburg allegations as well as market activity for regulatory violations. DBS has exposures to Adani Group worth S$1.3bn.

Market Abuse

SEBI to Require Brokers to Implement Trade Surveillance

By Mark Johnston | 09/02/2023

Brokers will have to implement systems and controls that can detect fraud and market abuse in the stock market.

KYC & CDD

SEBI Directs Banks to Identify Beneficial Owners of All FPI Clients

By Editors | 08/02/2023

FPIs will lose their registration in India if updated beneficial ownership information is not obtained by 30 September 2023.