Enforcement

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    Enforcement

    Singapore: Former MOM Officer Jailed Over Unauthorised Access to DBS Data

    By Mark Johnston | 15/09/2023

    A former MOM employee has been sentenced to five weeks’ jail for asking former DBS employee to find out his ministry colleagues’ salaries.

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    Crypto / Digital Assets

    US SEC Settles Second NFT-related Enforcement Action

    By Editors | 14/09/2023

    Animated web series creator will pay $1mn to settle SEC claims that it conducted an unregistered offering of crypto asset securities. Two commissioners dissented.

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    Enforcement

    US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years

    By Editors | 14/09/2023

    OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.

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    Enforcement

    Former China Life Chairman Received Suspended Death Sentence

    By Editors | 14/09/2023

    Wang Bin was sentenced for accepting bribes worth CNY 325 million and illegally concealing CNY 54.2 million in overseas deposits.

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    Enforcement

    SEBI Orders Brickwork Ratings to Revamp Board, Rating Process

    By Mark Johnston | 13/09/2023

    SEBI initially tried to cancel Brickwork’s credit rating agency licence but the order was quashed on appeal and SEBI was directed to issue a fresh order.

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    Enforcement

    US SEC Charges Virtu For Not Protecting Confidential Customer Data

    By Manesh Samtani | 13/09/2023

    Virtu describes the lawsuit as retaliation for the company’s public criticism of the SEC’s market structure rule proposals.

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    Enforcement

    Thai SEC Charges Four Brokerage Execs for Stock Manipulation

    By Mark Johnston | 13/09/2023

    Criminal charges were filed against four executives of a brokerage firm, including its CEO, for manipulating prices during a 2018 IPO.

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    Enforcement

    Taiwan FSC Fines Fubon and Prudential Units for Misconduct by Employees

    By Editors | 13/09/2023

    Two Fubon employees and one Prudential employee mirrored the trades of the funds they were managing, using third-party accounts.

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    Enforcement

    SFC Revokes Fund Manager Licence, Suspends Manager-In-Charge

    By Sanday Chongo Kabange | 12/09/2023

    Axial Capital Management failed to maintain its required liquid capital for 19 straight months and to make various filings on time.

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    Enforcement

    CFTC Penalises Three DeFi Operators for Offering Services Illegally

    By Editors | 11/09/2023

    Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.

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