Market Abuse

Market Abuse

BaFin Files Criminal Complaint Against Deutsche Bank Exec

By Manesh Samtani | 23/04/2021

Alexander Schütz is suspected of using inside information to trade Wirecard shares. A separate probe into EY’s audits of Wirecard is continuing.

Market Abuse

Chinese Court Accepts First Class Action Against Listed Company

By Sanday Chongo Kabange | 20/04/2021

The CSRC said the lawsuit will help listed companies and intermediaries to improve their internal governance and standardise market operations.

Structural Regulation

Gary Gensler Sworn Into Office as New SEC Chair

By Sanday Chongo Kabange | 18/04/2021

Gary Gensler was sworn in as the new SEC chairman three days after the US Senate voted to approve his nomination.

Market Abuse

Australian Charged With Insider Trading Over Diamond Discovery

By Editors | 13/04/2021

The man traded while in possession of inside information relating to a diamond discovery by Lonrho Mining in Africa in 2012.

Market Abuse

Korea to Root Out Speculation in Real Estate Market

By Ranamita Chakraborty | 10/04/2021

The FSC is setting up a special financial response team and new monitoring system to root out speculation in the property market.

Market Abuse

US Court Dismisses Collusion Case Against 10 Global Banks

By Sanday Chongo Kabange | 08/04/2021

The judge dismissed a case against 10 banks alleging manipulation of the US Treasuries market due to a lack of evidence of a conspiracy.

Market Abuse

SFC Wins Final Appeal in 2007 Insider Dealing Case

By Manesh Samtani | 07/04/2021

The Market Misconduct Tribunal and Court of Appeal both ruled against the SFC before the case was brought to the Court of Final Appeal.

Market Abuse

SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List

By Editors | 07/04/2021

An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.

Market Abuse

Korea Set to Introduce Tougher Penalties for Illegal Short Selling

By Editors | 06/04/2021

Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.