LATEST NEWS

Securities / Derivatives

SEBI Rejects NSE Proposal for Extended Trading Hours

By Ajoy K Das | 08/05/2024

SEBI cited a lack of feedback from the stock broking community. NSE has now shelved its extended time frame plan.

Enforcement

US SEC Notifies Robinhood of Pending Enforcement Action

By Editors | 08/05/2024

The action is related to the cryptocurrencies offered on Robinhood’s platform, some of which may be classified by the SEC as securities.

Sanctions

Russia Court Authorises Seizure of JPM, Commerzbank Assets

By Editors | 08/05/2024

The arbitration court authorised the seizure of $13.3mn from Commerzbank (Eurasia) JSC, a subsidiary of JPMorgan and Commerzbank.

Fintech / Regtech

Malaysia Launches New Platform to Connect Investors and DRs

By Mark Johnston | 08/05/2024

The “Bursa Reach” platform allows dealer’s representatives to showcase their expertise and profiles with investments.

Sanctions

FinCEN Issues Advisory to Help FIs Detect Terrorist Financing

By Manesh Samtani | 08/05/2024

The Advisory describes how Iran finances terrorist organisations and provides red flags to aid in detection, prevention, and reporting.

US to Ban Certain Incentive-Based Compensation Arrangements

By Editors | 08/05/2024

The proposed ban will also apply to US branches of foreign banks and certain subsidiaries of US financial institutions.

AML / KYC

US Court Ends Goldman Criminal Case Over 1MDB Work

By Nithya Subramanian | 08/05/2024

Brooklyn federal court dismissed a bribery conspiracy charge against Goldman following the completion of its three-year DPA.

Enforcement

ASIC Warns Against “Unscrupulous” Cold Calling Conduct

By Sanday Chongo Kabange | 08/05/2024

ASIC is concerned about the use of high-pressure sales tactics to induce inappropriate superannuation switching.

Big Picture

OECD Updates AI Principles to Address Safety Concerns

By Mark Johnston | 08/05/2024

The OECD has updated its AI Principles to mitigate risks and prevent bias, discrimination, and misinformation.