Market Abuse

Market Abuse

China to Crack Down on ‘Malicious Speculation’ in Iron Ore Market

By Editors | 10/01/2023

The NDRC said it will crack down on the spreading of false information, price gouging and speculation to ensure the smooth operation of the iron ore market.

Market Abuse

FSC Korea Reorganises Capital Market Fraud Investigation Unit

By Editors | 05/01/2023

The change will improve the efficiency and expertise available for conducting investigations into capital market frauds, the FSC said.

Trading & Investment

CSRC Proposes Enhanced Rules for Stock Options Trading

By Editors | 03/01/2023

The rules allow futures companies to conduct market-making activities for stock options and require stock exchanges to supervise programmatic trading activities.

Fraud, Scams & Cybercrime

China: Two Former P2P Lending Executives Jailed for 20 Years

By Editors | 03/01/2023

Two executives of now-defunct Tuandai.com were convicted for fundraising fraud and illegal collection of public deposits, among other charges.

Market Abuse

Singapore Imposes 36-Year Jail Sentence for Market Manipulation

By Editors | 03/01/2023

John Soh Chee Wen and Quah Su-Ling were sentenced to 36 and 20 years in jail, respectively, for manipulating three penny stocks ten years ago.

Fraud, Scams & Cybercrime

FTX, Alameda Execs Plead Guilty to US Fraud Charges

By Manesh Samtani | 23/12/2022

Caroline Ellison and Gary Wang are cooperating with the investigation into FTX, Alameda and Sam Bankman-Fried, who has been extradited to the US.

Market Abuse

Singapore Jails Man for Spoofing, False Telegram Statements

By Editors | 20/12/2022

Kenneth Goh pleaded guilty to creating a false appearance in the market 325 times, deceiving two brokers, and making false statements in Telegram chat groups.

Market Abuse

US SEC, DOJ Charge Social Media Influencers for Securities Fraud

By Mark Johnston | 18/12/2022

Eight individuals are accused of engaging in a conspiracy to commit securities fraud through a social media-based “pump and dump” scheme.

Trading & Investment

US SEC Proposes Major Rule Changes to Improve Market Fairness

By Editors | 18/12/2022

The proposals include a new best execution regulatory framework, a new order competition rule, and requirements for brokers to provide better disclosures on execution quality.