Market Abuse

Anti-Bribery & Corruption

Top Prosecutor Arrests Former China Merchants Bank President

By Editors | 29/10/2022

The arrest followed the completion of an investigation into allegations of bribery, abuse of power, and trading on nonpublic information.

Conduct, Culture & Accountability

ASIC Offers Conduct Guidance to Wholesale Market Participants

By Mark Johnston | 26/10/2022

Fixed income dealers should establish clear prohibitions on the use of unapproved communication channels, ASIC says.

Market Abuse

Credit Suisse Clears Litigation Docket Ahead of Overhaul

By Editors | 25/10/2022

Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.

Market Abuse

Nasdaq Halts At Least Four Chinese IPOs – Report

By Editors | 24/10/2022

Nasdaq will reportedly not allow certain IPOs to proceed until it can address concerns about large stock rallies seen by some Chinese issuers.

Supervision & Enforcement

FCA Seeks £50m Penalty from Barclays for 2008 Deals

By Editors | 24/10/2022

Barclays did not disclose payments made to Qatari entities for their participation in two capital raisings during the GFC in 2008.

Cryptocurrency

US Regulators Probe Failed Crypto Firm Three Arrows Capital

By Editors | 19/10/2022

The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.

Market Abuse

Hong Kong Court Convicts Former Fulbright Securities AE

By Editors | 17/10/2022

The former account executive, banned for life in 2017, pleaded guilty to employing a fraudulent scheme involving securities transactions in eight stocks.

Cryptocurrency

Thai SEC Orders Bitkub to Fix Standards of Native Token

By Editors | 15/10/2022

The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.

Market Abuse

FSA Bars SMBC Nikko from Block Trades for 3 Months

By Editors | 09/10/2022

SMBC Nikko Securities was also found to have shared confidential information of several corporate clients without their consent with its parent’s banking unit.