Market Abuse

Structural Regulation

China Expands Futures Law to Include OTC Derivatives

By Editors | 28/10/2021

ISDA says the revised draft incorporates several comments it made in its submission to the consultation on the first draft.

Market Abuse

CFTC Pays Record-breaking $200m Whistleblower Award

By Editors | 24/10/2021

The award is the largest whistleblower payout on record, and for the first time includes an amount based on sanctions collected by a foreign regulator.

Market Abuse

US Inspector General Probes Fed Officials’ Stock Trades

By Sanday Chongo Kabange | 06/10/2021

The Office of Inspector General will conduct an independent review to determine whether Fed officials violated ethics rules and the law.

Trading & Investment

CBSL Warns Banks Against Creating FX Black Market

By Duruthu E Chandrasekera | 03/10/2021

Sri Lankan banks are charging heavy premiums to execute FX transactions, claiming to not have US dollars available.

Market Abuse

ASIC Warns of Social Media ‘Pump and Dump’ Campaigns

By Editors | 23/09/2021

ASIC calls on market participants and listed companies to be on the lookout for and report suspected ‘pump and dump’ activity in listed securities.

Market Abuse

CFTC Investigates Binance for Possible Insider Trading

By Manesh Samtani | 22/09/2021

Binance reportedly has plans to become a licensed financial institution, with a centralised headquarters, to make it easier to work with regulators.

Fraud, Scams & Cybercrime

HK Court Convicts Former Convoy Executives for Fraud

By Editors | 21/09/2021

Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

Conduct, Culture & Accountability

US Fed to Review Ethics Rules Following Disclosures by Officials

By Editors | 19/09/2021

Financial disclosures filed by senior Fed officials showed multiple stock trades in 2020 worth millions of dollars, raising concerns over conflicts of interest.

Market Abuse

CSRC Forms Inter-agency Group to Rein in Capital Market Crime

By Editors | 18/09/2021

The group will enhance coordination between the central and local government agencies to better enforce against and punish capital markets misconduct.