Although the regulatory environment continues to be active in the area of shareholding disclosures, industry developments and vendor coverage is much slower. We’ve created this page to offer you information that we believe to be valuable to the compliance professionals that are ultimately responsible for reducing the firm’s exposure in the area of shareholding disclosures.

Recent Enforcements Related to Shareholding Disclosures

16 July 2018: FINRA Fine Barclays on Options Reporting Failure

7 June 2018: SFC Publicly Censures and Imposes a Cold-Shoulder Order for Breach of the Takeovers Code

16 May 2018: FINRA Fines Credit Suisse $220k for Options Reporting Failures

9 April 2018: FINFSA Fines Nordea Bank for Negligent Trade Reporting

13 Mar 2018: HK SFC Fines Deutsche Bank HK$8.3mn for Short Sales Reporting Failures

5 Mar 2018: SFC Publicly Criticizes Nomura over Breach of Takeover Code

21 Feb 2018: Finland FSA Afarak Takeover Fine

8 Feb 2018: HK SFC Reprimands Credit Suisse for Short Selling Reporting Failures

20 Dec 2017: HK SFC Censures for Breach of Takeovers Code

27 Apr 2017: HK SFC Fines Retail Investor for Illegal Short Selling

20 Oct 2016: HK SFC Fines Two JP Morgan Entities HK$5.6M for Regulatory Breaches

14 Sept 2016: HK SFC Fines HSBC $2.5M for Position Limit Failures

6 July 2016: CFTC Issues Large Position Report Fine of $560,000

29 June 2016: Hong Kong SFC Censures Two Units of Bank of America Merrill Lynch for Breaches of Takeovers Code

15 June 2016: Hong Kong SFC Reprimands and Fines Schroder Investment Management (HK) Limited $1.8M for Disclosure Failures

06 June 2016: Finland FSA Imposes Fine for Delayed Short Position Disclosure

23 March 2016: CFTC Large Trade Report Violations

22 March 2016: CFTC Position Limit Fine

02 February 2016: Takeovers: Hong Kong SFC Publicly Censures GS for Breaches of Takeovers Code

14 October 2015: SEC Fines Six Firms For Short Selling Violations

FCA Transaction and Shareholding Disclosure Reporting Enforcements


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