Market Abuse

    News on regulatory investigations, enforcement actions, and technologies addressing practices like insider trading, market manipulation, and spoofing.

    Fraud, Scams & Cybercrime

    HK Court Orders Investment Company to Compensate Clients

    By Editors | 25/11/2022

    The investment firm sold clients’ securities without authorisation, misappropriated the proceeds, and fabricated documents to conceal the transactions.

    Market Abuse

    Korea Prosecutors Seize $104m from Terra Co-founder

    By Editors | 23/11/2022

    Prosecutors seized and froze USD 104.4 million in assets belonging to Daniel Shin, representing profits from the sale of pre-issued LUNA tokens to investors.

    Anti-Money Laundering

    ComplianceAsia Awarded Compliance Service Provider of the Year

    By Editors | 22/11/2022

    ComplianceAsia, which was awarded compliance service provider of the year at Regulation Asia’s 5th annual awards ceremony.

    Market Abuse

    Eventus Awarded Best Solution for Crypto Market Surveillance Platform

    By Editors | 22/11/2022

    Eventus, was awarded best solution for virtual assets market & trade surveillance at Regulation Asia’s 5th annual awards ceremony.

    Market Abuse

    Bursa Malaysia Punishes Two for Short-Selling Activities

    By Editors | 22/11/2022

    The two dealer’s representatives engaged in intra day short-selling activities in client accounts in 2020 when such activity was temporarily prohibited.

    Market Abuse

    Singapore Charges Former Hyflux Execs for Disclosure Failures

    By Editors | 18/11/2022

    A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.

    Market Abuse

    SFC, ICAC Arrest Eight Over Ramp-and-Dump Schemes

    By Editors | 11/11/2022

    Combating social media ramp-and-dump schemes remains one of the top enforcement priorities of the SFC, says executive director of enforcement, Christopher Wilson.

    Market Abuse

    Singapore High Court Considers 40 Year Jail Term for Manipulator

    By Editors | 07/11/2022

    Prosecutors are reportedly asking the court to impose a 40-year jail sentence on John Soh Chee Wen, the mastermind of the 2013 penny stock crash.

    Cryptocurrency

    Korea Prepares Stop-Gap Legislation to Protect Crypto Investors

    By Editors | 01/11/2022

    The proposed legislation will empower the FSC to punish unfair trading in virtual assets the same way it does in the stock market.

    Market Abuse

    New York Court Dismisses Tom Hayes LIBOR Rigging Case

    By Editors | 01/11/2022

    US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.

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