Market Abuse

Supervision & Enforcement

CSRC Issues New Rules for Settling Capital Market Violations

By Sanday Chongo Kabange | 08/12/2021

The new rules will enable parties suspected of engaging in illegal acts to pay administrative settlements rather than wait for investigations to be concluded.

Market Abuse

Hong Kong SFC Investigates Ramp-and-Dump Scam

By Editors | 29/11/2021

Restriction notices have been sent to two brokerage firms prohibiting them from dealing in assets worth HK$312mn held across 17 trading accounts.

Anti-Money Laundering

HK ICAC Charges Four for Concealing Backdoor Listing

By Editors | 28/11/2021

A retired lawmaker and his son concealed an agreement with a third party who agreed to pay them about HK$210mn for control of a listed stock.

Cryptocurrency

FSC Korea Seeks to Criminalise Crypto Market Manipulation

By Editors | 26/11/2021

Those who obtain unfair profits from crypto trading would face at least one year in prison and at least three times the amount gained in fines.

Market Abuse

Chinese Court Rules Executives, Auditors Liable for Kangmei Fraud

By Darien Choong | 17/11/2021

Kangmei Pharmaceutical, its executives and auditors will be held fully liable for CNY 2.5bn of investor losses in China’s first ever class action against corporate fraud.

Trading & Investment

IOSCO to Update Regulatory Principles for Commodity Derivatives

By Editors | 16/11/2021

IOSCO says market authorities should establish a code of conduct for data providers, have a process to respond to unexpected disruptions, and analyse HFT and algo trading impacts.

Market Abuse

Prosecutors Abandon Criminal Cartel Case Against ANZ

By Editors | 07/11/2021

Prosecutors have decided to abandon the case against ANZ after being asked to refile their indictment a third time. The cases against Deutsche Bank and Citi will proceed.

Market Abuse

FCA Bans Ex-Barclays Banker for Life Over EURIBOR Rigging

By Editors | 07/11/2021

The decision comes after the former banker lost an attempt to overturn his 2019 conviction and sentencing to five years in prison.

Market Abuse

SMBC Nikko Securities Under Market Manipulation Probe – Report

By Ranamita Chakraborty | 04/11/2021

Employees are said to have traded several stocks to support their prices to ensure the completion of block deals conducted after market hours.