FCA’s New Listing Rules and Digital Securities Sandbox: Insights from Sarah Pritchard’s Speech

by Theresa Joy Lacatan | Sep 9, 2024 | Blog News, Crypto News

On 6 September 2024, Sarah Pritchard, the Executive Director of Markets and International at the UK’s Financial Conduct Authority (UK FCA), addressed the Capital Markets Industry Taskforce, presenting the UK FCA’s reform agenda aimed at strengthening the UK’s...

United Texas Bank Issued Cease and Desist Order by Federal Reserve U.S.A.

by Theresa Joy Lacatan | Sep 7, 2024 | Blog News, Crypto News

On 4 September 2024, the Board of Governors of the Federal Reserve System announced enforcement action against the United Texas Bank. The Federal Reserve and the Texas Department of Banking issued a Cease and Desist Order against United Texas Bank, headquartered in...

WazirX Parent Zettai Pte. Ltd. Court Proceedings Update: Moratorium Hearing Scheduled for 25 September 2024

by Theresa Joy Lacatan | Sep 7, 2024 | Blog News, Crypto News

On 3 September 2024, a case conference was convened in the General Division of the Singapore High Court concerning Zettai Pte. Ltd., the parent entity of WazirX, in relation to its application for a six-month moratorium. The application, prompted by the company’s...

CFTC Orders Uniswap Labs to pay $175K Penalty for Breaking the Rules in DeFi Dealings

by Theresa Joy Lacatan | Sep 6, 2024 | Blog News, Crypto News

On September 4, 2024, the Commodity Futures Trading Commission (CFTC) issued an Order Instituting Proceedings and imposed remedial sanctions against Universal Navigation Inc., operating as Uniswap Labs. The action was taken due to Uniswap Labs’ violation of the...

SEC Charges Six Credit Rating Agencies with $49 Million in Penalties for Recordkeeping Failures

by Theresa Joy Lacatan | Sep 6, 2024 | Blog News, Crypto News

On 3 September 2024, the U.S. Securities and Exchange Commission (US SEC) charged six nationally recognized statistical rating organizations for failing to maintain and preserve electronic communications as required under federal securities laws. The firms, including...

MAS Issues Prohibition Order Against Former Broker Involved in Market Misconduct

by Theresa Joy Lacatan | Sep 6, 2024 | Blog News, Crypto News

On 3 September 2024, the Monetary Authority of Singapore (MAS) issued a five-year prohibition order (PO) against Mr. Chong Yew Mun Alan, a former representative of RHB Securities (Singapore) Pte. Ltd. The order was made following Mr. Chong’s conviction for market...