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Credit Suisse engaged in naked short sales

Korea's SFC Imposes Penalty Surcharges on Global Investment Banks for Violating Short Sale Regulations. Credit Suisse engaged in naked short sales in the amount of about KRW60.33 billion (162,365 shares on 20 stock items).

The Securities and Futures Commission, a sub-commission within the Financial Services Commission responsible for overseeing the securities and futures markets, held the thirteenth regular meeting on July 3 and decided to impose penalty surcharges amounting to KRW27.173 billion in total on two former Credit Suisse affiliated investment banks for

The FDIC determined that the Citigroup plan is not credible

The FDIC and Fed announce results of resolution plan review for largest and most complex banks and they identified weakness in the plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.

Today, the FDIC and Fed announced that, following their joint review of the July 2023 resolution plan submissions of the eight largest and most complex banks, they identified a weakness in the plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase. The agencies did not identify any weaknesses

This week the SEC has approved whistleblower awards totaling more than $5.1 million

Whistleblower Alert! This week the SEC has approved whistleblower awards totaling more than $6.3 million--meaning the fines levied from these tips ranged from $21-$63 million.

This week, the SEC awarded multiple whistleblower awards totaling more than $6.3 million. The Whistleblower Program was created by Congress to provide monetary incentives for individuals to come forward and report possible violations of federal securities laws to the SEC. Under the program, eligible whistleblowers are entitled to an

Korea's FSC abolishing the need for 'investment registration certificates'

Do you like how Korea is cracking down on illegal shorting? Good news! Korea is improving market access for foreign investors by abolishing the need for 'investment registration certificates'.

Have you been reading about how Korea extended its short sale ban to March 2025 and is taking additional steps to prevent illegal trading activities and thought it would be awesome to be in the Korean markets? Good news! Today, Korea's Financial Service Commission (FSC) is improving market

Kepler overstated its trade volume in approximately 377,000 instances, by approximately 2.1 billion shares.

From December 2016 to October 2022, Kepler Capital Markets overstated its trade volume in approximately 377,000 instances, by approximately 2.1 billion shares. Penalty? Without admitting to the findings, a censure and $475k fine.

Kepler overstated its advertised trading volume: Penalty?: How could this have impacted GameStop?: Inflated trading volumes can mislead the market as a whole about the liquidity and demand for a stock, potentially influencing trading decisions and stock prices unfairly. My understanding is this creates a false impression of market activity,

SEC Chair Gary Gensler

SEC Chair Gary Gensler: "looking forward, it raises the question as to whether further shortening beyond T+1 may be appropriate."

SEC Chair Gary Gensler highlighted the benefits of shortening the settlement cycle for securities transactions from two days (T+2) to one day (T+1) during his speech at a U.K. Conference. Gensler calls out this change, implemented smoothly in the U.S. last month, aligns the settlement timeline

CFTC Awards Over $8 Million to Whistleblower

CFTC Awards Over $8 Million to Whistleblower who "helped the CFTC establish that one or more derivatives market participants deceived clients about key aspects of trades."

The Commodity Futures Trading Commission today announced it awarded over $8 million toa whistleblower who provided significant information and assistance that led the CFTC and other agencies to bring multiple enforcement actions. The whistleblower helped the CFTC establish that one or more derivatives market participants deceived clients about key aspects