Market Abuse

Market Abuse

SEBI Raids Brokers in Axis Fund Front-running Probe

By Editors | 29/05/2022

Fund managers of Axis Mutual Fund shared trade information with outside brokers and other entities who traded on the information ahead of Axis funds.

Anti-Bribery & Corruption

Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes

By Manesh Samtani | 26/05/2022

The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.

Market Abuse

Seoul Prosecutors Revive Specialised Financial Crime Team

By Editors | 24/05/2022

A joint investigations team that was disbanded in January 2020 has now been reinstated to respond to financial and securities crimes.

Market Risk

Risks Were Visible in EMIR Data Prior to Archegos Collapse: ESMA

By Manesh Samtani | 19/05/2022

ESMA found that reported trade activity data could be used to track the evolution of Archegos’ positions in individual stocks and analyse the mark-to-market value of its portfolio of swaps.

Market Abuse

MAS Imposes S$100,000 Civil Penalty for False Trading

By Editors | 13/05/2022

A woman pledged shares for margin purposes, then bought more near the close to artificially raise their closing prices and increase the value of her collateral.

Anti-Money Laundering

MONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering

By Mark Johnston | 11/05/2022

Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing “heavy” manipulation.

Market Abuse

BSEC Proposes to Strengthen Rules Against Insider Trading

By Editors | 10/05/2022

Listed companies will have to disclose all loan activities, contracts with related parties, and technology changes as ‘price sensitive information’.

Fraud, Scams & Cybercrime

Cum-Ex Scandal Widens like a Regulatory Inquisition 

By Peter Guy | 10/05/2022

A common tax arbitrage trading strategy is now being prosecuted as outright tax avoidance, catching global banks and traders in a broad net.

Market Abuse

Two Convicted in Singapore’s Largest-ever Market Manipulation Case

By Editors | 06/05/2022

Two individuals were convicted on 349 charges for controlling and using 187 trading accounts to manipulate three penny stocks before they collapsed in October 2013.