All posts tagged "Insider Trading"
-
374EnforcementSEBI Targets Insider Trading with Informant Reward Mechanism
Whistleblowers will be eligible for rewards up to $139,000 and, if culpable themselves, for amnesty or settlement with SEBI.
August 22, 2019 -
549Fintech / RegtechSingapore Brokers Directed to Enhance Trade Surveillance Systems
MAS and SGX RegCo have released a practice guide outlining five guiding principles for brokers to use in the review and design of their trade surveillance programmes.
August 8, 2019 -
447ChinaCSRC Imposes $56mn Penalty on Individual for Insider Trading
The individual learned of a gaming company’s acquisition plans months in advance and used 14 stock accounts set up by acquaintances to profit from the information.
August 8, 2019 -
396AML / KYCMAS Targets Market Abuse with Proposed New Requirements
Capital market licensees will have to record all client communications and capture their mobile device IDs. Foreign intermediaries will have to provide UBO information on request.
August 6, 2019 -
861Asia-PacificPhilippine SEC Consults on Draft Rules for Digital Asset Exchanges
The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.
July 19, 2019 -
1.1KEnforcement
Singapore Convicts Three Front-Runners Under Insider Trading Laws
Two First State equity dealers told a UOB Kay Hian remisier about their firm's intended orders to front-run trades in 100 counters, leading to over S$8mn in insider trading profits over 8 years.
July 11, 2019 -
723ChinaShanghai Court Jails Former UBS Banker for Insider Trading
The banker disclosed deal information to two associates in 2017, allowing them to profit from inside information related to Cosco Shipping's acquisition of Orient Overseas.
June 24, 2019 -
492Enforcement
SEBI Proposes Informant Mechanism to Combat Insider Trading
SEBI wants to institute a process that incentivises timely reporting of instances of insider trading and provides for the granting of rewards to whistleblowers.
June 11, 2019 -
835EnforcementMAS Penalises Singapore National in LSE Insider Trading Case
The penalty was the result of close cooperation and information sharing between MAS and the UK FCA, which had referred the case and provided investigative assistance.
June 5, 2019 -
647KoreaKorea to Ease Data Barriers Within Financial Services Firms
In addition to easing information barriers within financial services firms, the FSC will also allow them to outsource their core businesses to third parties with as fintech startups.
May 13, 2019
