Market Abuse

Market Abuse

MAS Bans Four Individuals Following False Trading Convictions

By Editors | 04/03/2021

Three former remisiers and one former insurance agent were banned following convictions connected to false trading in Catalist-listed Koyo International.

Structural Regulation

HK Audit Regulator to Probe Convoy Financial Statements

By Ranamita Chakraborty | 01/03/2021

Zhonghui Anda CPA Limited may have failed to express an appropriate audit opinion in three years of Convoy’s financial statements, the Financial Reporting Council said.

Market Abuse

FSC Korea Fines Ten Foreign Firms for Short Selling Violations

By Editors | 28/02/2021

The FSC did not name the firms that were penalised, but said the highest fine was KRW 180 million against a firm that committed four violations.

Market Abuse

ASIC Offers Immunity to Market Misconduct Whistleblowers

By Editors | 25/02/2021

Under ASIC’s new immunity policy, individuals who have engaged with others to commit market misconduct offences can seek immunity by reporting the misconduct.

Market Abuse

HK, Singapore on Alert for Social Media Fuelled Manipulation

By Manesh Samtani | 19/02/2021

The SFC has issued restriction notices against 54 more trading accounts. Singapore regulators are guarding against “pump and dump” and “short and distort” scenarios.

Market Abuse

CSRC Strengthens Industry Controls to Prevent Insider Trading

By Editors | 13/02/2021

Listed companies are required to establish a system for the registration and management of individuals who possess inside information.

Market Abuse

SFC Freezes Brokerage Accounts Linked to Social Media Scam

By Editors | 11/02/2021

One of the SFC’s top priorities for the year is to crack down on ramp and dump scams and other types of market manipulation conducted through social media.

Market Abuse

Korea FSS Seeks Prosecution of Hana Financial CEO

By Editors | 08/02/2021

The regulator said it discovered illegal trading activities by CEO Lee Jin-kuk during an inspection of Hana Financial Investment last year.

Market Abuse

London Trader Jailed for LIBOR Manipulation Released

By Editors | 05/02/2021

Tom Hayes told Bloomberg this week that efforts to replace LIBOR were pointless and that the rate was far safer now.