The Eastern Magistrates’ Court convicted Mr Lui Ho Yeung after he pleaded guilty to two counts of making false or misleading representations in support of his licence applications to the Hong Kong Securities and Futures Commission (SFC). Lui failed to disclose his previous criminal conviction in his SFC licence applications in 2009 and 2015 respectively.…
Read moreFollowing a joint investigation by the CAD and Monetary Authority of Singapore (MAS), civil penalty action has been taken against Ms Kunye Tagi for insider trading in the shares of Genting Singapore PLC (Genting). On 14 May 2015, Genting announced its financial losses for the quarter ending 31 March 2015. Following the financial results announcement,…
Read moreThe Securities and Exchange Commission (SEC) announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars. The SEC also charged Premium Point’s CEO and chief investment officer Anilesh Ahuja as well as Amin Majidi, a former partner…
Read moreThe Securities and Exchange Commission (SEC) announced the hedge fund advisory firm Visium Asset Management LP has agreed to settle charges related to asset mismarking and insider trading by its privately managed hedge funds and portfolio managers. Separately, the firm’s CFO agreed to settle charges that he failed to respond appropriately to red flags that…
Read moreASIC announced that it has commenced proceedings in the Federal Court of Australia against New South Wales financial adviser Graeme Walter Miller and three related companies: CFS Private Wealth Pty Ltd, an Australian financial services licensee (CFS Private Wealth); Combined Financial Solutions Pty Ltd; and BDM Asia Pacific Pty Ltd (formerly known as CFS Corporation…
Read moreThe Monetary Authority of Singapore (MAS) just informed the public that it has issued a 4-year prohibition orders against Mr Lim Fang Wee. The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers Act (FAA), as well as taking part…
Read moreASIC has expanded its legal proceedings recently filed in the Federal Court in Sydney against Rio Tinto Limited (RTL) and its former Chief Executive Officer, Mr Thomas Albanese, and its former Chief Financial Officer, Mr Guy Elliott. The new allegations relate to RTL's failure to recognise an impairment of a wholly owned subsidiary, Rio Tinto…
Read moreThe Ontario Securities Commission (OSC) has announced that Douglas DeBoer of Ancaster, Ontario and Leonard Lodder of Guelph, Ontario, have been charged with fraud and related offences under the Securities Act (Ontario) following a lengthy investigation by the OSC’s Joint Serious Offences Team (JSOT). DeBoer has been charged with the following offences under the Securities…
Read moreThe Administrative Appeals Tribunal (AAT) has affirmed a decision to cancel the registration of Sydney liquidator, Mr Randall Clinton Joubert, ASIC has announced earlier today. The AAT found that Mr Joubert's actions as a registered liquidator of several companies were deliberate and dishonest and that he was not a fit and proper person to be…
Read moreAs announced April last year, the Financial Contract Authority (FCA) and the Prudential Regulation Authority (PRA) have been conducting investigations into Jes Staley, Group Chief Executive Officer of Barclays, and Barclays Bank PLC (LON:BARC) in relation to an attempt by Mr Staley in 2016 to identify the author of an anonymous letter. The FCA and…
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