November 2025 Capital Markets Regulatory Updates
30 November 2025: Japan’s Monetary Providers Company (FSA) plans to mandate crypto exchanges to carry legal responsibility reserves equal to a portion of buyer property, aiming to make sure that platforms can compensate customers in case of hacks or operational failures.
26 November 2025: A U.S. decide dominated that Kalshi’s political occasion contracts fall below Nevada gaming rules, which means the platform should adjust to state playing legal guidelines regardless of its federal designation as a regulated trade.
25 November 2025: The U.S. Commodity Futures Buying and selling Fee (CFTC) accredited Polymarket as a totally regulated prediction market, enabling intermediated U.S. market entry and increasing its potential to supply regulated prediction markets below U.S. oversight.
21 November 2025: The U.Okay. Monetary Conduct Authority (FCA) proposed adjustments to transaction reporting guidelines that would save companies round £100 million yearly by simplifying necessities and decreasing compliance burdens whereas sustaining knowledge high quality for market oversight.
20 November 2025: The U.S. Workplace of Enforcement and Regulatory Accounting launched its nineteenth annual report detailing fiscal 2025 actions throughout investigations, audits and market surveillance, together with settlements totaling $36.57 million and compliance findings.
20 November 2025: Two U.S. Senators launched a bipartisan market construction dialogue draft to empower the CFTC as the first regulator for digital commodities, establishing trade registration, disclosure guidelines and costs—shifting oversight from the SEC.
19 November 2025: The FCA launched a session on introducing a U.Okay. fairness consolidated tape to enhance market transparency, increase liquidity and strengthen the worldwide competitiveness of U.Okay. fairness markets by offering buyers with a unified view of buying and selling knowledge throughout venues.
17 November 2025: The U.S. Securities and Alternate Fee (SEC) Division of Examinations introduced its 2026 priorities to reinforce transparency and information registrants on key compliance areas, specializing in fiduciary obligation, new guidelines like Regulation S-P amendments and heightened threat elements to guard buyers and preserve honest markets.
17 November 2025: The Philippine Securities and Alternate Fee (SEC) plans to introduce a whistleblower safety program to encourage reporting of company and securities regulation violations, aiming to fight scams, insider buying and selling and different illicit actions whereas strengthening market integrity and transparency.
11 November 2025: The Worldwide Group of Securities Commissions (IOSCO) launched its “Last Report on Monetary Asset Tokenization,” analyzing the adoption of economic asset tokenization, highlighting its potential effectivity features, related dangers and assorted regulatory approaches, whereas offering steering to make sure market integrity and investor safety.
2 November 2025: The EU is making ready reforms to present the European Securities and Markets Authority (ESMA) U.S.-style oversight powers over main inventory and crypto exchanges, aiming to centralize regulation to chop crimson tape and increase cross-border market competitiveness.
2 November 2025: The Hong Kong Securities and Futures Fee (SFC) will permit native licensed crypto exchanges to attach with world shared order books, a serious coverage shift to spice up liquidity and worth discovery by integrating Hong Kong’s crypto markets with worldwide exchanges.
Newest Fines and Enforcement Actions
- A Seoul court docket convicted 25 folks in South Korea’s largest inventory manipulation case, a scheme that drove up shares and subsequent crash, imposing suspended sentences for many lower-level offenders whereas noting the rip-off’s unprecedented scale of 730 billion Korean gained, or roughly $500 million.
- A federal grand jury within the District of Columbia indicted a Hong Kong man for orchestrating a scheme utilizing pretend SEC filings and shell entities to lure buyers into shopping for Chinese language shares, inflicting a whole lot of thousands and thousands in losses.
- FINRA fined a German financial institution $2.5 million and censured it for failures in analysis report disclosures from 2007-2025, citing tens of hundreds of stories lacking required particulars and inadequate supervisory techniques to make sure compliance.
- India’s Central Electrical energy Regulatory Fee (CERC) opened an investigation into GNA Vitality over alleged insider buying and selling, after the Securities and Alternate Board of India (SEBI) discovered GNA executives traded Indian Vitality Alternate shares primarily based on confidential details about an upcoming CERC market-coupling order.
- The SFC obtained a court docket injunction freezing HK$82.4 million in property of 12 folks suspected of manipulating Smartac Worldwide’s shares (2018–2019).
- The German Federal Monetary Supervisory Authority (BaFin) fined a European monetary providers agency €45 million for systemic anti-money-laundering failings, after the financial institution “systematically” filed suspicious exercise stories months late in 2021–2022.
- FINRA fined Nomura Securities Worldwide $625,000 for together with accounts of two international associates in aggregation unit calculations with out correct oversight, violating Regulation SHO and FINRA supervisory guidelines.
- U.S. authorities charged eight people in Massachusetts with securities fraud and cash laundering for allegedly working a worldwide insider buying and selling community that used materials private info from company insiders to make tens of thousands and thousands in illicit income between 2016 and 2024.
- The New Zealand Monetary Markets Authority (FMA) filed Excessive Courtroom civil proceedings in opposition to an skilled retail investor primarily based in Auckland, for alleged market manipulation of NZX-listed shares of Metal and Tube Holdings Restricted.
- The SFC charged two people with operating an unlawful short-selling scheme—utilizing false positions to quick 28 shares in 2020.
- FINRA fined Wedbush Securities $150,000 for failing to keep up possession or management of consumers’ extra margin securities, missing enough supervisory techniques and issuing incomplete commerce confirmations between 2018 and 2023.
- The Montreal Alternate discovered BMO Nesbitt Burns responsible of front-running, ruling {that a} former BMO dealer hedged forward of a shopper’s massive bond orders in 2019 for the agency’s profit—violating guidelines and triggering a failure in BMO’s commerce supervision.
- Genius Group Ltd filed a federal securities class motion lawsuit within the Southern District of New York in opposition to two main companies, alleging a multi-year market manipulation scheme involving spoofing and bare quick promoting of its shares, searching for at the least $250 million in damages on behalf of all affected buyers.
- The Hong Kong Jap Magistrates’ Courtroom convicted a finfluencer to 6 weeks imprisonment for operating a paid Telegram inventory ideas group with out authorization—Hong Kong’s first imprisonment for illicit funding recommendation on social media.
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