Securities Commission Malaysia (SC) announced that has filed a civil suit at the Kuala Lumpur High Court against three individuals – namely Koh Tee Jin, Koh Thiam Seong and Koh Hui Sim – for insider trading involving the shares of Axis Incorporation Berhad (Axis). In the suit filed on 13 March 2017, SC claimed that…
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The European Securities and Markets Authority (ESMA) announced that has established five Memoranda of Understanding (MoUs) under the European Markets Infrastructure Regulation (EMIR). The MoUs establish cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorised or recognised in Brasil, Japan, India, the Dubai International Financial Center or the…
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The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) just reported that the company Godhand Edge Fund Management Llc is not authorised to provide investment services or activities in Italy in any way. The Commissione Nazionale per le Società e la Borsa (CONSOB) is the…
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The Securities and Futures Commission (SFC) has banned Mr Philip Leung Ming Yin, a former account executive of HSBC Broking Securities (Asia) Limited (HSBC Securities), from re-entering the industry for six months from 17 March 2017 to 16 September 2017. The SFC found that Leung used his mobile phone and messaging application WeChat to receive…
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Australia and New Zealand Banking Group (ASX:ANZ) today commented on the release of the Australian Securities & Investments Commission’s (ASIC) review into how large institutions oversee financial advisers. ANZ Group Executive Wealth Australia Alexis George said: We know we need to work harder to maintain the trust of our customers and we will continue to…
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ASIC has commenced proceedings in the Federal Court of Australia against Wealth and Risk Management Pty Ltd (WRM), and related companies Yes FP Pty Ltd (Yes FP) and Jeca Pty Ltd (trading as Yes FS) (Yes FS), in relation to various alleged breaches of the Corporations Act 2001 and the Australian Securities and Investments Commission…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The securities regulatory authorities in Ontario, Alberta, and Saskatchewan (the participating jurisdictions) released CSA Multilateral Staff Notice 51-349 Report on the Review of Investment Entities and Guide for Disclosure Improvements, which summarizes key findings from an Ontario Securities Commission (OSC) staff review of the continuous disclosure of reporting issuers that meet the definition of an…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm ABSA Wealth Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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