Market Abuse

Market Abuse

Philippine Court Jails Broker for Illegal Trading in 1999

By Editors | 30/05/2021

The court’s decision represents the first conviction won by the SEC after two decades of pursuing stockbrokers and investors linked to the case.

Anti-Bribery & Corruption

CSRC Chongqing Bureau Director Removed for Corruption

By Editors | 29/05/2021

The CCDI and CSRC said corruption and bribery ran throughout Mao Bihua’s career. The case has been referred to prosecutors.

Trading & Investment

CBIRC Directs Banks to Stop Selling Commodities Futures – Report

By Sanday Chongo Kabange | 28/05/2021

The CBIRC has asked banks to completely unwind their books for commodities-linked products and stop selling them to individual investors.

Market Abuse

China: Policymakers Warn Against Commodity Market Speculation

By Editors | 25/05/2021

Regulators will strengthen supervision of commodity futures and the spot market with a “zero tolerance” for illegal activities.

Market Abuse

Nomura, UBS, UniCredit Fined for Participating in Trading Cartel

By Editors | 24/05/2021

During Europe’s sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.

Structural Regulation

S. Korea Revises Law to Strengthen Market Integrity

By Editors | 24/05/2021

The revisions will ease approval processes for financial investment businesses, including foreign firms, while also increasing penalties for stock manipulation.

Market Abuse

SFC to Investigate, Punish Misconduct in ‘Problematic’ IPOs

By Manesh Samtani | 20/05/2021

In a joint statement with the stock exchange, the SFC says it will not hesitate to take enforcement action against intermediaries for IPO-related misconduct.

Market Abuse

ASIC Fines Macquarie Securities A$126,000 Over Algorithm Failure

By Editors | 19/05/2021

Macquarie Securities was meant to conduct a share buyback for a client via ordinary trading, but the trade went through ASX Centre Point, a dark market.

Market Abuse

CSRC Launches Probe into Allegations of Market Manipulation

By Editors | 17/05/2021

A fund manager has claimed that at least 18 stocks are being manipulated by the listed companies, private equity funds and publicly offered funds.