Dubai's VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance's Australia derivatives business and has cancelled its licence.
April 6, 2023The proposed bill would require the FDIC to claw back "all or part" of the compensation paid to executives in the five years preceding a bank’s failure.
April 4, 2023Joe Biden is asking Congress to make it easier for regulators to fine and ban executives of failed banks and claw back compensation.
March 21, 2023As of end December, the major banks paid or offered to pay almost AUD 4.7 billion (USD 4.2 billion) in compensation to over 1.6 million customers.
March 15, 2023I-Access Investors incorrectly used data from system testing as production data and inadvertently triggered 27 stop loss sell orders by 12 clients.
March 15, 2023Regulators are considering allowing shareholders to vote on executive compensation, introducing clawback provisions, and granting new bank approvals, among other measures.
March 6, 2023MAS is also looking into creating a new ombudsman, a market conduct tribunal, a procedure for class-action lawsuits, and an investor compensation scheme.
February 24, 2023The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
February 20, 2023Paul Pierce promoted crypto asset securities known as EMAX tokens on social media without disclosing that he was paid to do so.
February 20, 2023The High Court found that the whistleblower did not act in good faith in a 2011 tip-off and ordered him to pay compensation to a director he accused of corrupt acts.
January 31, 2023