Regulatory Updates
HK SFC Licenses Four Virtual Asset Trading Platforms Under Streamlined Licensing Process & Issues Circular
On 18 December 2024, the Hong Kong Securities and Futures Commission (HK SFC) announced that it had granted licences to four virtual asset trading...
UK FCA Publishes Consultation Paper on Private Stock Market PISCES to Transform UK Capital Access
On 17 December 2024, the United Kingdom Financial Conduct Authority (UK FCA) published a consultation paper CP24/29 on the establishment of the...
UK FCA Publishes Discussion Paper DP24/4 Seeking Feedback on Strengthening Transparency and Market Integrity in Crypto Markets
On 16 December 2024, the United Kingdom Financial Conduct Authority (UK FCA) released Discussion Paper DP24/4, presenting proposals to enhance...
US SEC Publishes Mandatory Electronic Filing and Website Disclosures for Financial Forms and Reports and Updates to FOCUS Reports
On 16 December 2024, the United States Securities and Exchange Commission (US SEC) published the final rules for Electronic Submission of Certain...
ASIC Sues Binance Australia Derivatives for Misclassifying Retail Clients and Consumer Protection Failures
On 18 December 2024, the Australian Securities and Investments Commission (ASIC) commenced civil proceedings in the Australian Federal Court against...
Kraken Operator Ordered to Pay AUD 8 Million for Regulatory Breaches Following ASIC Action
On 12 December 2024, the Australian Federal Court, in its judgment titled Australian Securities and Investments Commission v Bit Trade Pty Ltd 2024...
US SEC Orders Cantor Fitzgerald to Pay $6.75 Million for Misleading SPAC Disclosures
On 12 December 2024, the United States Securities and Exchange Commission imposed a cease and desist order against Cantor Fitzgerald, L.P., a global...
US SEC Announces Leadership Change as Erik Gerding Steps Down, Cicely LaMothe to Serve as Acting Director
On 13 December 2024, the United States Securities and Exchange Commission announced that Erik Gerding, Director of the Division of Corporation...
US CFTC Orders Five Individuals to Pay Over $5 Million for Digital Asset Fraud Scheme
On 11 December 2024, the United States Commodity Futures Trading Commission (US CFTC) announced that the United States District Court for the...
US SEC Files Insider Trading Complaint Against Former Comtech CEO Amid Allegations of Misconduct and Law Violations
On 11 December 2024, the United States Securities and Exchange Commission filed a complaint against Ken Peterman, the former Chief Executive...
US SEC Orders Morgan Stanley Smith Barney to Address Failures in Safeguarding Client Funds
On 9 December 2024, the United States Securities and Exchange Commission (US SEC) issued an order instituting administrative and cease and desist...
US CFTC Charges Pastor for $5.9 Million Crypto Ponzi Scheme
On 9 December 2024, the United States Commodity Futures Trading Commission filed a complaint against Francier Obando Pinillo, accusing him of...