http://www.bloomberg.com/graphics/2015-spoofing/
How to Catch a Spoofer
September 4, 2015
By Matthew Leising, Mira Rojanasakul and Adam Pearce
What you just saw was buying and selling in the market for futures based on the U.S. government’s 10-year Treasury bond, which trades on the Chicago Board of Trade. This is where the spoofing alleged in HTG’s lawsuit took place. In that minute, orders were modified or executed more than 5,000 times. Continue reading
Choosing between protection and hard lessons
Saturday, 12 September 2015
By: OPTIMISTICALLY CAUTIOUS . . . ERROL OH
Assisiting investors: The Securities Commission building in Kuala Lumpur. There have been several cases of the commission going to court to seize the conmen’s ill-gotten gains so that it can be returned to the investors/victims.
Restitution offers relief to investors but will they learn enough?
PEOPLE who fall for investment scams and kids who write letters to Santa Claus have one thing in common – they belief in the promise of easy and seemingly magical rewards. When the lure of the sure thing is jiggled before them, the greedy and the ignorant quickly shed skepticism and caution.
When that happens, they are likely to lose money. In Malaysia, they sometimes get back part of it.
There have been several cases of the Securities Commission (SC) going to court to seize the conmen’s ill-gotten gains so that it can be returned to the investors/victims. This is called restitution. Continue reading
Goldman Sachs Investment Advisory closes Korean unit
28 August 2015
Maeil Business Newspaper
Goldman Sachs Investment Advisory has withdrawn its business from the Korean market amid criminal investigations into allegations of stock price manipulation. According to sources Thursday, Goldman Sachs Investment Advisory shut down its Korean business as of August 21. Regulatory approval to the business withdrawal was granted, which was posted on the Financial Services Commission website. Continue reading
How corrupt banking system creates a mountain of bad loans & makes recovery process complicated
By Suman Layak, ET Bureau | 30 Aug, 2015, 04.15AM IST
http://www.chinaaccountingblog.com/weblog/why-do-auditors-disclaim.html
Why do auditors disclaim?
Aug 19, 2015, 8:46 AM
Last week Tianhe Chemicals (Tianhe), a Chinese company listed in Hong Kong,announced that its auditor, Deloitte, was planning to disclaim an opinion on its financial statements. Tianhe was the target of an activist short seller campaign by Anonymous Analytics last September and a damaging analysis by theAssociated Press in November. Also last week Sihuan Pharmaceuticals (Sihuan) published its annual report for 2014 including a disclaimer opinion on its financial statements by auditor PwC. PwC used seven pages to explain why it was unable to express an opinion on the financial statements. Both stocks remainsuspended.
Disclaimer opinions are rare, so two in one week is notable. These opinions are rare because they are useless to companies and investors, so companies generally will not accept them. Regulators and exchanges are unlikely to accept a disclaimer opinion, which explains why these stocks are suspended and are likely to remain so. Continue reading
http://www.wsj.com/articles/msci-removes-hanergy-from-indexes-1440674216?tesla=y
MSCI Removes Hanergy From Indexes; Move allows funds to dispose of millions of dollars they have locked up in Hanergy shares
MSCI is the latest of four major index compilers to remove Hanergy. PHOTO: REUTERS
WAYNE MA And JACKY WONG
Aug. 27, 2015 7:16 a.m. ET
HONG KONG—Stock-index compiler MSCI Inc. ejected a troubled Hong Kong solar-power company from its indexes, enabling some of the world’s biggest investment managers to dispose of hundreds of millions of dollars they have locked up in the firm’s shares. Continue reading
Governance in group entities still a potential weak spot
Parent boards must be aware of the financial and reputational damage a problem at a subsidiary can cause and take proactive steps.
COMPANIES still have a long way to go to improve corporate governance standards at their subsidiaries, according to governance experts.
Some large multinational corporations have recognised that the governance of group entities or subsidiaries can be a significant problem and have started to take action to improve their internal processes and procedures to address the issues. Continue reading
Rogue stock investors have no place to hide, says Hong Kong’s market regulator Mark Steward
PUBLISHED : Friday, 21 August, 2015, 1:20am
Cliff Buddle cliff.buddle@scmp.com
Cross-border cooperation to catch wrongdoers having an effect, outgoing SFC enforcer says
Stock-market manipulators who think they can exploit gaps in cross-border regulation will find there is “no place to hide”, the outgoing enforcement chief of the Securities and Futures Commission has warned. Continue reading
SFC’s outgoing crime fighter Steward warns successor to beware of nice people
UPDATED : Friday, 21 August, 2015, 1:40am
Enoch Yiu enoch.yiu@scmp.com
The Securities and Futures Commission’s outgoing white collar crime fighter Mark Steward denied he has been an aggressive regulator but warned his successor to be beware of people who are nice to them. Continue reading
AsianExtractor: Unearthing Accounting Fraud in Asia 