News Centre

Securities Commission Malaysia Issues Cease And Desist Order To Seven Unlicensed Operators Offering Investment Advice

Date 22/03/2021

The Securities Commission Malaysia (SC) had to date, following the issuance of the Guidance Note on Provision of Investment Advice on 30 December 2020, directed seven operators, comprising entities and related individuals, to cease and desist from undertaking all activities in relation to unlicensed investment advice. Providing investment advice is a regulated activity that requires a licence under the Capital Markets and Services Act 2007 (CMSA). Any person carrying on a business of giving investment advice without a licence commits an offence under the CMSA which is punishable with a fine not exceeding RM10 million or imprisonment not exceeding ten years, or both.

Keynote Speech At The 7th EU-ASIA Financial Services Dialogue, By Morita Tokio, Japan Vice Minister For International Affairs

Date 22/03/2021

Thank you for having me here today.

It seems like only yesterday that ASIFMA held a physical event in Tokyo along with the APRC meeting in October 2019.

Japan Exchange Group: Notice Of Revision To Earnings Forecast And Dividend Forecast

Date 22/03/2021

We hereby announce that the consolidated earnings forecast and year-end dividend forecast for the fiscal year ending March 31, 2021 released on October 28, 2020 have been revised as follows.

Japan Financial Services Agency: Information On COVID-19 (Novel Coronavirus)

Date 22/03/2021

* Update of the English website may take a little time. For the latest information, please refer to our Japanese website.

ASIC: Review Of How Superannuation Trustees Supported Their Members During COVID-19

Date 22/03/2021

During 2020, ASIC took a number of actions to check on the support provided by superannuation trustees to their members during COVID-19. This included reviewing how trustees communicated to members about issues related to COVID-19, and the provision of intra-fund advice.

Concurring Statement Of CFTC Commissioner Dawn D. Stump Regarding Enforcement Action Against Coinbase, Inc.

Date 19/03/2021

I concur in the Commission’s findings that Coinbase, Inc., the owner and operator of an online digital asset exchange, violated anti-manipulation provisions of the Commodity Exchange Act (“CEA”) and the CFTC’s rules based on:  1) reporting false, misleading, or inaccurate transaction information; and 2) secondary, principal-agent liability for wash sales by a former “Employee A.”  I write separately, though, to ensure the public is not misled to believe that the CFTC regulates exchanges such as Coinbase.  

U.S. Department Of Justice: Foreign Nationals Sentenced For Roles In Transnational Cybercrime Enterprise - The Infraud Organization Victimized Millions Of People In All 50 States And Caused More Than $568 Million In Financial Losses

Date 19/03/2021

Two foreign nationals — one Russian, the other North Macedonian national — were sentenced today for their role in the Infraud Organization, a transnational cybercrime enterprise engaged in the mass acquisition and sale of fraud-related goods and services, including stolen identities, compromised credit card data, computer malware, and other contraband.

CFTC Orders Coinbase Inc. To Pay $6.5 Million For False, Misleading, Or Inaccurate Reporting And Wash Trading

Date 19/03/2021

The Commodity Futures Trading Commission today issued an order filing and settling charges against digital asset exchange operator Coinbase Inc., based in San Francisco, California, for reckless false, misleading, or inaccurate reporting as well as wash trading by a former employee on Coinbase’s GDAX platform.

Effective March 22, 2021 Through March 26, 2021, MIAX Options And MIAX Emerald 2X Opening And Intraday Valid And Priority Quote Spread Relief In All Symbols

Date 19/03/2021

Issue Symbol: All Symbols
Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective March 22, 2021 through March 26, 2021, the MIAX Regulation Department has granted 2 times opening and intraday quote parameter relief for all symbols on MIAX Options and MIAX Emerald. 

CFTC Commitments Of Traders Update

Date 19/03/2021

The current reports for the week of March 16, 2021 are now available.