Regulatory Roundup: Beyond the 9-to-5: Navigating Extended Hours Trading

• The SEC charged Unicoin, Inc. and its executives for making false statements in offerings of certificates linked to Unicoin tokens and common stock, misleading over 5,000 investors with exaggerated claims about asset backing and sales figures. 

• The United States Attorney for the Southern District of New York announced that three individuals pleaded guilty to securities fraud for engaging in an insider trading scheme involving Kaman Corporation’s acquisition, profiting over $1 million illegally 

• CME Group fined and suspended a broker for repeatedly making unauthorized account changes and trade transfers in Copper futures markets, resulting in significant losses to a corporate account, without customers’ knowledge or consent. 

• The South African Financial Sector Conduct Authority (FSCA) fined Ninety One Fund Managers SA (RF) (Pty) Ltd R3 million and issued a directive for remediation after the firm failed to comply with anti-money laundering provisions. 

• A U.S. federal judge dismissed the CFTC’s lawsuit against Traders Global Group (My Forex Funds), citing bad faith and false statements by the agency, and ordered it to pay legal fees, after it failed to disclose evidence that contradicted its fraud allegations. 

• The Hong Kong Eastern Magistrates’ Courts convicted brothers-in-law for conspiring to commit false trading in Pa Shun International Holdings shares and additionally convicted one brother for failing to disclose changes in his shareholding to SEHK on eight occasions. 

• The CFTC dropped its appeal against a court ruling allowing KalshiEX LLC to offer election-based event contracts, signaling a shift in regulatory posture toward prediction markets. 

• The New Zealand Financial Markets Authority (FMA) – Te Mana Tatai Hokohoko ordered a retail investor to pay a NZ$198,000 penalty for deliberately manipulating the price of Rua Bioscience shares through small, non-genuine trades in breach of market conduct laws. 

• The Securities and Exchange Board of India (SEBI) barred Patel Wealth Advisors and four directors from the securities market and ordered the seizure of ₹3.2 crore in alleged illegal gains for engaging in spoofing. 

• The SEC charged three individuals with fraud for orchestrating a multi-year scheme that generated over $21 million by manipulating the stock of American Green, Inc. through discounted share sales, false disclosures and promotional tactics.

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