United States

ESG / Sustainability

Thailand Exempts New SRI Funds from Establishment Fees

By Editors | 11/01/2023

The fee exemptions are intended to support fund managers companies in giving more weight to sustainability-driven securities investment.

Capital / Liquidity

Crypto Bank Silvergate Reveals Details of Post-FTX Bank Run

By Manesh Samtani | 10/01/2023

The bank faced $8bn in withdrawals, forcing it to sell $5.2bn in debt securities at a $718mn loss. Its stock has fallen 95% since Nov 2021.

ESG / Sustainability

Philippine SEC Finalises Rules for SRI Funds

By Sanday Chongo Kabange | 10/01/2023

SRI Funds will have to allocate at least two-thirds of their NAV to their sustainable investment objective.

Sanctions

US Sanctions Iranian Executives Over Russia Drone Sales

By Editors | 10/01/2023

Six officers and board members of Qods Aviation Industries were designated over the use of Iranian drones by Russia to attack Ukrainian civilian infrastructure.

Crypto / Digital Assets

US SEC Probes Due Diligence Practices of FTX Investors

By Editors | 09/01/2023

Venture capital firms and investment funds that invested in FTX may face scrutiny about whether they met their fiduciary duties to their own investors.

Crypto / Digital Assets

NYAG Files Suit Against Founder of Crypto Lender Celsius

By Manesh Samtani | 08/01/2023

NYAG says Alex Mashinsky lied about Celsius’s safety, then lost customer funds in risky investments and concealed the firm’s deteriorating financial condition.

Crypto / Digital Assets

US SEC Objects to Binance Acquisition of Bankrupt Crypto Lender

By Editors | 07/01/2023

The SEC may be concerned about a possible co-mingling of funds between Binance’s US and global entities to fund the acquisition.

Enforcement

Former BlackRock Portfolio Manager Fined Over Undisclosed Conflict

By Editors | 05/01/2023

The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.

Enforcement

New York: Former SPAC CFO Pleads Guilty to Fraud Charges

By Editors | 05/01/2023

The former CFO embezzled money from a SPAC to pay for personal expenses and trade in meme stocks and crypto assets. He also incorporated two other SPACs to conceal his theft.