The FCA has fined Russel Gerrity £309,843 for using inside information to net himself £128,765. As a consultant, Mr Gerrity had access to information about whether oil and gas had been discovered during the drilling of wells. Between October 2018 and January 2022, he took advantage of this and used inside information to buy shares in Chariot Oil & Gas Limited and Eco (Atlantic) Oil and Gas Plc ahead of announcements that increased their price.   On another occasion, he used i

Spain-based financial institution CaixaBank has received a EUR 30 million fine from the Anti-Money Laundering Supervisory Authority (Sepblac) over AML failings. Representing one of the most significant AML penalties imposed in Spain, the fine comes as a result of a real estate deal from nearly a decade ago, which involved the sale of a Madrid skyscraper. Under resolution BOE-A-2025-26201, a fine of EUR 17.6 million was published in the Official State Gazette (BOE) on 11 Dece

Hong Kong's Financial Secretary Paul Chan is visiting Davos, Switzerland, to participate in the World Economic Forum Annual Meeting. Since 2023, Hong Kong has issued licenses to 11 virtual asset trading platforms, he said, expecting to issue stablecoin licenses later this year.

The Eastern Magistrates’ Courts today convicted Mr Ng Ka Hei of seven counts of false trading in the shares of six Hong Kong-listed companies following a criminal prosecution by the Securities and Futures Commission (SFC) (Notes 1 and 2).  The SFC alleged that between 20 September 2022 and 24 October 2023, Ng employed a strategy commonly known as “scaffolding” by repeatedly placing and cancelling trading orders at progressively higher prices. He also used his various securiti

The Securities and Futures Commission (SFC) has obtained orders in the Court of First Instance against three former directors and senior executives of Superb Summit International Group Limited (Superb Summit), requiring the trio to pay a total of $595 million in compensation to Superb Summit for orchestrating and/or participating in fraudulent schemes to defraud the company (Notes 1 and 2). The outcome of SFC’s legal action against the trio – Mr Yang Dongjun, a shadow directo

According to the statistics released by the Companies Registry today (January 16), a total of 195,343 local companies and re-domiciled companies were newly registered in 2025. By the end of 2025, the total number of local companies and re-domiciled companies registered under the Companies Ordinance increased by 96,609 compared to 2024, reaching 1,557,103, which was an all-time high figure.      In 2025, 1,532 non-Hong Kong companies that had newly established a place of busin

Please read the full article at https://www.fstb.gov.hk/fsb/en/publication/consult/doc/VAdealing_consultation_conclusion_e.pdf

Mr Currie was convicted in 2023 and sentenced to 2 years 6 months imprisonment for defrauding investors through the collapsed peer-to-peer lending platform Collateral (UK) Ltd. He diverted funds from Collateral investors and used them for personal gain, including the purchase of a property in Spain. At a hearing at Southwark Crown Court on 9 January 2026, Mr Currie was ordered to pay £265,523.96. This amount represents the total value of assets the court determined were still

Complex ETPs are a subset of the wider ETP market and include high-risk investment strategies that can be difficult for retail consumers to understand. We assessed how firms of different sizes and business models evaluate these products, communicate key risks and monitor outcomes under the Consumer Duty. Given the complexity and risk profile of ETPs, it is essential firms make sure investors have the knowledge they need to make informed investment decisions. We found some fir