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News on regulatory investigations, enforcement actions, and technologies addressing practices like insider trading, market manipulation, and spoofing.
Market Abuse
SEBI Settles YES Bank Case of Selective Disclosures
By Editors | 15/09/2021
YES Bank allegedly made selective disclosures regarding its asset quality, and did not disclose regulatory breaches identified by the RBI.
Market Abuse
Bursa Malaysia Punishes RHB Investment Bank Representatives
By Editors | 13/09/2021
The dealer’s representatives engaged in discretionary trading without proper authorisation, causing “significant losses” to a client.
Trading & Investment
KRX to Temporarily Exempt Market Makers from Obligations
By Editors | 12/09/2021
KRX says the FSS warning of fines against nine market makers will hamper the functioning of the market making system for a while.
Structural Regulation
Sri Lanka Passes New SEC Act to Bolster Capital Market
By Duruthu E Chandrasekera | 09/09/2021
SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.
Market Abuse
Korea FSS to Impose Penalties on 9 Market Makers
By Editors | 08/09/2021
Three foreign firms and six local firms are accused of disturbing market order through their negative influence on stock prices.
Supervision & Enforcement
BaFin Joins US SEC, DOJ in Probing Collapsed Allianz Funds
By Ranamita Chakraborty | 07/09/2021
Allianz is facing probes from BaFin, SEC and DOJ, as well as 25 investor lawsuits, over last year’s collapse of its Structured Alpha Funds.
Market Abuse
FMA Files Suit Against Company Director Over Online Posts
By Editors | 15/08/2021
The CEO of NZX-listed New Talisman Gold Mines made false and misleading representations in an online investor forum without disclosing his involvement with the company.
Market Abuse
Singapore Sees Resurgence of ‘Pump and Dump’ Scams
By Editors | 11/08/2021
Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.
Market Abuse
Westpac Insider Trading Case May Not Be Heard Until 2023
By Editors | 01/08/2021
A proposed February 2022 trial date will not be feasible as Westpac will have to be allowed sufficient time to review expert evidence.
Market Abuse
CSRC Fines ByteDance Employee for Insider Trading
By Sanday Chongo Kabange | 30/07/2021
The CSRC fined the ByteDance employee nearly nine times the profit he made from trading shares on insider information.
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