United States

    Securities / Derivatives

    ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo

    By Editors | 18/12/2022

    ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.

    AML / KYC

    FinCEN Proposes Rules on Access to Beneficial Ownership Information

    By Editors | 18/12/2022

    The proposed rule also sets out requirements for institutions to have systems and controls to securely store beneficial ownership information and limit its access.

    Enforcement

    US SEC, DOJ Charge Social Media Influencers for Securities Fraud

    By Mark Johnston | 18/12/2022

    Eight individuals are accused of engaging in a conspiracy to commit securities fraud through a social media-based “pump and dump” scheme.

    Market Infrastructure

    US SEC Proposes Major Rule Changes to Improve Market Fairness

    By Editors | 18/12/2022

    The proposals include a new best execution regulatory framework, a new order competition rule, and requirements for brokers to provide better disclosures on execution quality.

    Market Infrastructure

    US Regulators Deem Audit Inspections of Chinese Firms a Success

    By Manesh Samtani | 16/12/2022

    The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.

    Market Infrastructure

    NYSE, Nasdaq Expected to See More Capital Raises via Direct Listings

    By Mark Johnston | 16/12/2022

    The SEC is expected to permit the NYSE to ease its rules for direct listings, after a similar approval was granted to Nasdaq earlier this month.

    AML / KYC

    Danske Bank to Pay $2bn to Resolve DOJ, SEC Probes

    By Sanday Chongo Kabange | 15/12/2022

    Danske Bank admitted to allowing high-risk non-resident customers from other countries including Russia to use its Estonia branch to access US banks.

    Sanctions

    China Files WTO Complaint Over Semiconductor Export Controls

    By Editors | 14/12/2022

    China is separately working on a CNY 1 trillion support package to expand domestic semiconductor production and research activities.

    AML / KYC

    FTX Founder Arrested, Charged by SEC, SDNY, CFTC

    By Sanday Chongo Kabange | 14/12/2022

    US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.

    AML / KYC

    UK Police Arrest Chinese Tycoon on US Bribery Charges

    By Editors | 14/12/2022

    The co-chairman of Chinese real estate firm Guangzhou R&F Properties is accused of paying bribes to San Francisco authorities from 2015 through 2020.

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