United States

Securities / Derivatives

Philippines to Launch Short Selling Upon Resolution of SBL Issues

By Ranamita Chakraborty | 10/02/2021

The Philippines Stock Exchange will launch short selling once issues related to securities borrowing and lending are resolved, president Ramon Monzon.

AML / KYC

Philippine SEC Tightens Rules on Beneficial Ownership of Shares

By Ranamita Chakraborty | 09/02/2021

New guidelines will require the disclosure of the identity of the beneficial owners of shares and prohibit the issuance of bearer shares.

Enforcement

FINRA Fines HSBC Securities Over Employee Screening Failures

By Editors | 09/02/2021

FINRA fined HSBC Securities $650,000 for failing to screen 2,191 non-registered associated persons for statutory disqualification.

Enforcement

Luckin Coffee Files for Bankruptcy to Facilitate Restructuring

By Editors | 08/02/2021

Luckin said it will continue to pay suppliers, vendors and employees while it negotiates with its stakeholders regarding a restructuring of its financial obligations.

Crypto / Digital Assets

SEC Thailand Orders Crypto Exchange to Suspend Client Onboarding

By Ranamita Chakraborty | 08/02/2021

Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.

Securities / Derivatives

Asian Regulators Issue Warnings as GameStop Remains in Focus

By Manesh Samtani | 04/02/2021

Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

Enforcement

CFTC Files Suit Against Nomura Trader for Manipulative Trading

By Editors | 03/02/2021

The former trader manipulated the price of 10-year swap spreads to reflect lower pricing of bonds and a related swap, at the expense of the issuer.

AML / KYC

Thailand to Introduce Rules for Digital Asset Wallet Providers

By Editors | 02/02/2021

The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.

Securities / Derivatives

Xiaomi Files Suit Against US Govt Over Investment Ban

By Editors | 01/02/2021

The lawsuit says banning US investors from being able to invest in Xiaomi will “cause immediate and irreparable harm” to the company and hurt its global reputation.