September 2025 Capital Markets Regulatory Updates
23 September 2025: The CFTC launched an initiative to discover tokenized collateral in derivatives, looking for public enter by Oct 20 as a part of its crypto modernization efforts.
17 September 2025: The FCA proposed bringing crypto companies totally underneath U.Okay. laws by adapting current monetary guidelines. In a brand new session paper, the FCA set out a framework to use conventional necessities to crypto-asset companies “on a proportionate foundation.”
15 September 2025: The French, Austrian and Italian monetary markets authorities are known as for a stronger European crypto-asset framework to enhance supervision, investor safety, and competitiveness, based mostly on MiCA classes.
5 September 2025: The SEC launched a Cross-Border Job Power to focus on fraud by overseas-listed firms, specializing in “pump-and-dump” schemes and gatekeeper scrutiny.
4 September 2025: The CFTC concluded an enforcement dash led by Appearing Chairman Pham, issuing six orders in opposition to 10 companies for compliance failures, leading to $8.3M in penalties and remediation commitments.
4 September 2025: Japan’s Monetary Providers Company (FSA) proposed to categorise cryptocurrencies as securities underneath the Monetary Devices and Trade Act (FIEA) in a serious regulatory shift, aiming to guard retail buyers and crack down on unregistered operators.
3 September 2025: The CFTC cleared crypto prediction platform Polymarket to launch in the USA through a no-action letter, permitting compliant prediction markets after earlier setbacks.
2 September 2025: The Securities and Trade Board of India (SEBI) launched stricter intraday place limits for index choices buying and selling. Every dealer or entity’s web intraday positions in fairness index choices will probably be capped at ₹5,000 crore. The gross intraday restrict stays ₹10,000 crore per route. SEBI is mandating inventory exchanges to take at the very least 4 random snapshots of intraday positions to implement these limits.
2 September 2025: The U.S. SEC and CFTC issued a joint assertion clarifying that exchanges registered with them can facilitate buying and selling of sure spot crypto asset merchandise.
Newest Fines and Enforcement Actions
- The SEC charged a former Two Sigma portfolio supervisor with fraud for manipulating algorithmic buying and selling fashions to spice up his pay, inflicting $165 million in consumer portfolio distortions (which the agency repaid to purchasers).
- The SEC and FINRA charged two people in a $100 million Chinese language pump-and-dump inventory scheme involving tens of millions of shares of Ostin Know-how Group (OST). At its peak, OST’s market cap surged from $22 million to over $1 billion earlier than crashing 94%, leaving retail buyers with big losses.
- ASIC introduced a report 240 million AUD settlement with ANZ Financial institution for “widespread misconduct” throughout its operations. ANZ admitted to 4 main failures, together with unconscionable buying and selling, ignored hardship requests, false statements and improper charges.
- The CFTC ordered a Colorado dealer and his agency Flatiron Futures Merchants to pay a $200,000 penalty for spoofing in fairness index futures.
- Three U.Okay. social-media “finfluencers” made their first court docket look in an FCA-led crackdown on unlawful monetary promotions. They have been every charged with unlawfully selling high-risk foreign exchange CFD investments to the general public with out authorization.
- Swedish authorities arrested 9 folks on suspicion of insider buying and selling forward of takeover bids for 2 Stockholm-listed firms. Investigators allege the suspects traded massive volumes of Tethys Oil and Fortnox inventory in 2024–2025 based mostly on leaked deal info.
- The CFTC sanctioned Shinhan Securities Co. $212,500 for unlawful wash buying and selling on the NYMEX. Shinhan agreed to pay a $212,500 civil penalty and to stop and desist additional violations.
- The SEC introduced {that a} jury discovered a person chargeable for securities fraud and manipulative buying and selling, together with utilizing Twitter to advertise shares he secretly offered for revenue.
- South Korea’s new stock-manipulation activity power raided 10 websites and uncovered a ₩100 billion ($72 million) scheme through which seven elite buyers used sham purchase orders and synchronized trades to inflate a thinly traded KOSPI inventory over 21 months, marking the duty power’s first main victory in opposition to pump-and-dump rings.
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