Six senior executives of Hong Kong listed companies were among those arrested, for operating a cross-border pump-and-dump manipulation scheme.
December 17, 2021Securities firms are prohibited from working with social media influencers who are not licensed. Providing investment recommendations via livestreaming is banned.
November 15, 2021SEC staff concluded that US markets functioned well and dislocations caused by short-selling were not the main cause of the extreme volatility in GameStop.
October 26, 2021Victims lost HKD 2.5 billion from investment scams between January and July, a 20-fold increase compared to the same period last year.
September 30, 2021ASIC calls on market participants and listed companies to be on the lookout for and report suspected ‘pump and dump’ activity in listed securities.
September 23, 2021Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.
August 12, 2021Social media influencers do not want to find themselves caught offering advice they’re not qualified or authorised to give, warns FMA chief Rob Everett.
June 30, 2021The HKMA will explore the potential conversion of regulations into machine-executable codes and the introduction of a system that automatically creates regulatory reports.
June 21, 2021The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.
June 8, 2021Activist short selling can have a positive impact on market integrity, however it can also unduly distort the price of a target entity's securities, ASIC says.
June 2, 2021