MyComplianceOffice Blog

On 22 June 2015, retired Swiss banker Xavier Justo was arrested by armed Thai police at his brand new boutique hotel in Koh Samui, Thailand. Six months later, Justo provided a British journalist with thousands of documents that started a much larger chain reaction. The documents appeared to shed light on the alleged theft of hundreds of millions of dollars from a state-owned Malaysian investment fund known as 1MDB.

On March 23, 2020, the following statement was released from Stephanie Avakian and Steven Peikin, Co-Directors of the SEC’s Division of Enforcement.

Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA recently gave a speech on market integrity. In his speech, Mark Steward discussed the importance of firms having a smart market abuse risk assessment to comply with MAR, regulatory challenges and capabilities to detect market abuse.

Benjamin Taylor and Darina Windsor, two London investment bankers, were charged by the U.S. government in September with selling information about pending mergers and acquisitions as part of a “large-scale, international insider-trading ring.” In a recent Bloomberg article, prosecutors say the pair generated tens of millions of dollars in illicit profits as a result of their activities.  

Two London investment bankers were charged on Monday in the US for an insider trading scheme. The prosecutors claim that the large-scale scheme generated around $10 million in illegal profit. The spokesman for the Manhattan U.S attorney could not confirm if the couple are under arrest.