Regulatory Updates
ASIC Seeks Feedback on Extending Relief for Business Introduction Services
On 13 January 2025, the Australian Securities and Investments Commission (ASIC) announced that it is consulting on the future of the ASIC...
Gemini Trust Fined $5 Million for Misleading the US CFTC on Bitcoin Futures Product
On 13 January 2025, the United States Commodity Futures Trading Commission (US CFTC) announced that Gemini Trust Company LLC, a New York-based trust...
Mosaic Exchange Ltd. and CEO Ordered by US CFTC to Pay Over $1.1 Million for Cryptocurrency Fraud Scheme
On 13 January 2025, the United States Commodity Futures Trading Commission (US CFTC) announced that Mosaic Exchange Ltd. and its CEO, Sean Michael,...
US SEC Fines Robinhood Broker-Dealers $45 Million for Regulatory Violations
On 13 January 2025, the United States Securities and Exchange Commission (US SEC) published order instituting administrative and cease-and-desist...
UK FCA Fines Arian Financial LLP £288,962.53 for Failures Linked to Cum-Ex Trading
On 10 January 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that it had fined Arian Financial LLP £288,962.53 for failings...
HK SFC Warns Public About Unlicensed Virtual Asset Trading Platform “iSCAT Exchange”
On 10 January 2025, the Hong Kong Securities and Futures Commission (HK SFC) issued a public warning against an unlicensed virtual asset trading...
US SEC Updates Investment Company Names Rule with New FAQs, Retiring Obsolete Guidelines
On 7 January 2025, the United States Securities and Exchange Commission (US SEC) published updated Frequently Asked Questions (FAQs) related to Rule...
Former Texas Resident Leena Jaitley Ordered to Pay Millions Following US SEC Fraud Complaint
On 7 January 2025, the United States Securities and Exchange Commission (US SEC) published the Litigation release. On 12 December 2024, the United...
CFTC Chairman Rostin Behnam Announces Departure After Seven Years of Leadership
On 7 January 2025, Rostin Behnam, Chairman of the United States Commodity Futures Trading Commission (US CFTC), announced his decision to step down...
Singapore Addresses Credit Card Fraud: Protections and Responsibilities Outlined
On 7 January 2025, during a Parliament sitting, Mr. Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the...
HKMA Issues Urgent Warning Over Phishing Messages Linked to Bank of China (Hong Kong)
On 7 January 2025, the Hong Kong Monetary Authority (HKMA) issued a public alert regarding phishing instant messages impersonating Bank of China...
RBI Announces HaRBInger 2024 Winners: Transforming Financial Security and Accessibility
On 7 January 2025, the Reserve Bank of India (RBI) announced the winners of the third edition of its global hackathon, HaRBInger 2024 – Innovation...