Financial Services Regulatory Update 2021/04/30

  • Monetary Authority of Singapore Sets up Singapore Funds Industry Group Partnering with the Private Sector to Strengthen Singapore’s Fund Management Ecosystem
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Global Token Limited (Stock Code: 8192)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Convoy Global Holdings Limited (Stock Code: 1019)
  • Hong Kong Securities and Futures Commission Revokes IDS Forex HK Limited’s License and Bans its Former Co-CEOs for Life
  • Hong Kong Securities and Futures Commission and Police Conducts Joint Operation Against Listed Company and Senior Executives
  • U.S. Commodity Futures Trading Commission Orders a Man and His Company to Pay Over US$397,000 in Connection with a Digital Assets Solicitation Scheme
  • U.S. Federal Court Orders Owner of Precious Metals Firm to Pay US$1.3 Million to Victims of Fraudulent Precious Metals Scheme
  • U.S. Securities and Exchange Commission Charges Fund Manager and Former Race Car Team Owner with Multimillion Dollar Fraud
  • U.S. Securities and Exchange Commission Obtains Emergency Relief, Charges a Company and CEO with Misappropriating Investor Money and Operating a Ponzi Scheme
  • Singapore Exchange Welcomes Econ Healthcare (Asia) Limited to Catalist
  • Singapore Exchange and Consumer News and Business Channel Partner to Create Indices Focused on Growth Economies and Sectors of the Future
  • Financial Conduct Authority of the United Kingdom Censures Alsford Page & Gems Limited and Alsford Page & Gems Limited Agrees to Pay Extended Warranty Insurance Customers £399,902
  • Financial Conduct Authority Commences Criminal Proceedings for Fraud and Unauthorised Business
  • Australian Securities and Investments Commission Secures 20-year Ban for Mayfair 101 Director James Mawhinney from Fundraising and Promoting Investment Products
  • Shenzhen Stock Exchange Promotes Performance Explanation Meetings: Over Sixty Percent Annual Report Releasing Listed Companies Issue a Performance Explanation Meeting Notice
  • China Securities Regulatory Commission Strengthens Supervision of System Leavers’ Investment in Proposed Listed Companies
  • China Securities Regulatory Commission and Other Financial Management Authorities Jointly Interviewed Some Online Platform Companies Engaged in Financial Business
  • Shanghai Stock Exchange Revises and Releases Interim Regulation on Application and Recommendation for Issuance and Listing of Enterprises on Shanghai Stock Exchange STAR Market
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Financial Services Regulatory Update 2021/04/16

  • U.S. Securities and Exchange Commission’s Latest Response to the Unprecedented Surge in the Use of Special Purpose Acquisition Companies (SPACs) to List on the U.S. Securities Markets
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against My Heart Bodibra Group Limited (Stock Code: 8297) and Two Directors
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against China Tangshang Holdings Limited (Stock Code: 674) and its Executive Directors
  • Hong Kong Securities and Futures Commission Reprimands and Fines Black Marble Securities Limited HK$1.8 Million for Internal Control Failings and Regulatory Breaches
  • Hong Kong Eastern Magistrates’ Court Issued Arrest Warrant for alleged Social Media Ramp-and-Dump Manipulator
  • Hong Kong Market Misconduct Tribunal Sanctions Two Former Executives for Insider Dealing in Asia Telemedia Limited Shares
  • Hong Kong Eastern Magistrates’ Court Acquits Solicitor of Insider Dealing in Shares of CASH Financial Services Group Limited
  • Hong Kong Securities and Futures Commission Reprimands and Fines Optimas Capital Limited HK$1.05 Million Over Short Position Reporting Failures
  • U.S. Commodity Futures Trading Commission Orders A Man to Pay More than US$1 Million for Role in Fraudulent Binary Options Scheme
  • U.S. Federal Court Orders Company and its Owner to Pay More Than US$32 Million for Cryptocurrency Fraud and Misappropriation Scheme
  • U.S. Federal Court Orders A Man to Pay Over $10.3 Million for Defrauding Commodity Futures Clients in Long-Running Ponzi Scheme
  • U.S. Commodity Futures Trading Commission Orders The Alista Group, LLC and a Man to Pay More Than US$2.6 Million in Precious Metals Fraud
  • U.S. Securities and Exchange Commission Charged Auditor for Failure to Register with PCAOB and Multiple Audit Failures
  • U.S. Securities and Exchange Commission Obtains Emergency Asset Freeze, Charges Actor with Operating a US$690 Million Ponzi Scheme
  • U.S. Securities and Exchange Commission Charges Felon and Six Others in Oil-and-Gas Offering Fraud
  • Singapore Exchange Welcomes Haitong International Singapore as Securities and Derivatives Clearing Member
  • Singapore Exchange Consults on Special Purpose Acquisition Companies Listing Framework
  • Singapore Exchange, Enterprise Singapore and E-Steel Announce Inaugural Singapore International Ferrous Week
  • Singapore Exchange and New Zealand’s Exchange Seal Partnership on Dairy Derivatives to Unlock Growth
  • Singapore Exchange Welcomes Zhongda (HK) Futures as Derivatives Trading Member
  • Financial Conduct Authority of the United Kingdom Warns That Younger Investors are Taking on Big Financial Risks
  • Financial Conduct Authority of the United Kingdom Launches Campaign to Encourage Individuals to Report Wrongdoing
  • Australian Securities and Investments Commission to Adopt “No-action” Position for AGMs
  • Australian Securities and Investments Commission Bans the Sale of Binary Options to Retail Clients
  • Shenzhen Stock Exchange Officially Implements Merger between Main Board and SME Board to Better Serve High-quality Economic Development
  • Shenzhen Stock Exchange Releases Survey Report on Investor Relations Management of Listed Companies in 2020
  • China Securities Regulatory Commission issued a prior notice of administrative supervision measures to Haitong Securities, Haitong Asset Management and relevant responsible personnel
  • The People’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange issued “the Opinions on Financial Support for Hainan’s Comprehensively Deepening Reform and Opening-up”
  • The China Securities Regulatory Commission Publicly Solicits Opinions on the Revision of the “China Securities Regulatory Commission Administrative Licensing Implementation Procedure Regulations”
  • Shanghai Stock Exchange Held “Tracking China through Indexes” Virtual Roadshow
  • Shanghai Stock Exchange Accommodates to the Structural Changes in the Market and Strengthen the Protection of Investors’ Rights and Interests
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Financial Services Regulatory Update 2021/04/02

  • Additional Disclosure Required by Hong Kong Securities and Futures Commission of Future Intentions for Unlisted Securities When Offered as Consideration of Offer
  • The Stock Exchange of Hong Kong Limited Seeks Views on Reforms to Enhance Listing Regime for Overseas Issuers
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Harmonicare Medical Holdings Limited (Stock Code: 1509)
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against Coslight Technology International Group Limited (Stock Code: 1043) and its 10 Directors
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against China Yu Tian Holdings Limited (Delisted, Previous Stock Code: 8230) and its Seven Directors
  • Hong Kong Securities and Futures Commission Obtains Disqualification Orders against Former Senior Executives of Long Success International (Holdings) Limited
  • Hong Kong Securities and Futures Commission Reprimands and Fines GEO Securities Limited HK$6.3 Million for Breaching its Licensing Conditions and Failures related to the Sale of Unlisted Bonds
  • U.S. Federal Court Orders U.K. Man to Pay More Than US$571 Million for Operating Fraudulent Bitcoin Trading Scheme
  • U.S. Commodity Futures Trading Commission Orders Coinbase Inc. to Pay US$6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading
  • U.S. Commodity Futures Trading Commission Charges Former Fuel Oil Trader with Manipulating Fuel Oil Benchmark
  • U.S. Commodity Futures Trading Commission Charges Rancher and Feedyard with US$233 Million Phantom Cattle Fraud Scheme
  • U.S. Securities and Exchange Commission Issues Amendments, Seeks Public Comment on Holding Foreign Companies Accountable Act
  • Keynote Speech by Chairman YI Huiman at the China Securities Regulatory Commission Roundtable of China Development Forum 2021
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