Enforcement

Enforcement

HK Court Orders Confiscation of HK$63m from Bribery Case

By Mark Johnston | 12/05/2023

The investor bribed a former Deutsche Bank director to obtain insider information to help him trade derivative warrants.

Enforcement

HSBC, Scotia Fined for Use of Unapproved Messaging Tools

By Editors | 12/05/2023

Employees, including those at senior levels and in compliance roles, used unapproved messaging tools to engage in business-related communications.

Enforcement

ASIC to ‘Sharpen Focus’ on Misconduct by Credit Providers

By Editors | 11/05/2023

Deputy chair Sarah Court said credit providers and debt management firms that take advantage of vulnerable consumers are in ASIC’s sights.

Crypto / Digital Assets

Ex-Coinbase Employee Sentenced to Jail for Insider Trading

By Editors | 11/05/2023

The former Coinbase product manager was sentenced to two years in prison for feeding his brother and a friend information about upcoming crypto listings.

ESG / Sustainability

ASIC Offers Guidance on Avoiding Greenwashing Penalties

By Editors | 11/05/2023

ASIC has taken 35 actions against greenwashing since July 2022. It has several other investigations underway and anticipates further regulatory action.

Enforcement

S. Korea: Key Suspect Detained in Stock Manipulation Case

By Editors | 10/05/2023

Ra Deok-yeon allegedly used order matching to inflate stock prices and defraud investors. Two other key suspects were also detained.

Securities / Derivatives

International Court Reduces Compensation Korea Has to Pay Loan Star

By Editors | 09/05/2023

The Korean government would still have to pay $216mn to US private equity firm Lone Star, despite the reduction.

Enforcement

Chinese Police Arrest Billionaire Tycoon for Illegal Fundraising

By Editors | 09/05/2023

Police arrested the owner of commodities giant Cedar Holdings, which raised almost $3bn from investors which it has been unable to repay.

Enforcement

US Authorities Investigating Short Sales of Banking Stocks

By Editors | 09/05/2023

SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.