Regulators and prosecutors around the world are increasing the enforcement of misconduct which affects financial markets. Clean and open markets play a fundamental part in supporting the economy, and in times of economic pressure, regulatory authorities take an even firmer stance against conduct which abuses normal market operations.
Market misconduct affects individuals and businesses in all sectors. We advise clients across industries on the management of inside information, market disclosures, and the prevention, investigation and enforcement of insider dealing and market abuse.
Our sector expertise in financial services, and our deep knowledge and experience of complex financial products, enables us to provide specialised advice to financial services clients on:
- Internal and regulator-led investigations into market abuse, including spoofing and layering
- Risk assessments and risk management
- Advice on systems and controls to prevent market misconduct
- Reporting requirements and the monitoring of suspicious transactions
Some examples of our experience include:
- Advising a global investment bank in responding to and resolving an SFC investigation concerning failures to comply with research report disclosure requirements;
- Advising a major Australian bank in an ASIC investigation of potential criminal breaches of financial services laws in relation to non-provision of disclosure documents;
- Assisting a global investment and wealth management firm in responding to an SFC inquiry into potential breaches of client money rules;
- Representing a financial services firm in Australian criminal proceedings alleging breaches of client money rules;
- Representing a major bank in investigations by financial and competition regulators in the UK, EU, US, Hong Kong, Japan, Singapore and Australia in connection with allegations of manipulation of financial benchmarks and markets; and
- Acting for a senior executive of an Australian investment company in an ASIC investigation regarding suspected market manipulation.
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