Market Abuse

Market Abuse

Indian Regulators Respond to Adani Group Stock Selloff

By Editors | 06/02/2023

SEBI said the market continues to function effectively. The RBI said the banking sector remains resilient and stable. Adani companies have meanwhile lost $110mn in market cap.

Market Abuse

SEBI Expands Adani Probe as Share Sale is Called Off

By Manesh Samtani | 02/02/2023

Adani Group’s share sale successfully closed in the face of fraud allegations, but the conglomerate decided not to proceed. SEBI is looking for irregularities.

Conduct, Culture & Accountability

US SEC Proposes Amendments to Staff Trading Rules

By Sanday Chongo Kabange | 02/02/2023

Investments in financial industry sector funds will be prohibited. The SEC will be able to collect employee trading data via an automated electronic system.

Cryptocurrency

UK Launches Consultation on Regulatory Framework for Crypto

By Manesh Samtani | 01/02/2023

The framework will require crypto exchanges to define token listing standards, strengthen rules for intermediaries and custodians, and introduce a crypto market abuse regime.

Fraud, Scams & Cybercrime

Crypto Firm Celsius Operated as Ponzi Scheme, Report Says

By Editors | 01/02/2023

Celsius, now in bankruptcy, used customer funds to prop up the price of its own token for years, including to allow insiders to cash out.

Trading & Investment

IOSCO Revises Principles for Regulating Commodity Derivatives Markets

By Editors | 01/02/2023

New Principles added cover unexpected market disruptions, market access, high-frequency trading, and investor education.

Market Abuse

Korea Probes Price Manipulation via Crypto Exchange Bithumb

By Editors | 31/01/2023

Bithumb offices were raided last week. The crypto exchange is not accused of misconduct, though it is under a separate probe for possible tax evasion.

Market Abuse

UPDATED – Citadel Securities Fined in Korea for ‘Disrupting Market Order’

By Editors | 31/01/2023

The case was the first in which the FSC imposed a penalty for market order disruptions as a result of high-frequency algorithmic trading.

Market Abuse

FCA Charges Former Janus Henderson Analyst for Insider Trading

By Editors | 30/01/2023

Redinel Korfuzi used confidential inside information obtained in his role as a Janus Henderson analyst to enable “timely and profitable trading” in 49 companies.