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Turkey's Finance Minister says everyone who profited from the multi-billion dollar investment fund scandal has been identified, affecting about 455,000 individual investors. The head of the SPK capital markets regulator was sacked and the deputy finance minister resigned.
The SEC proposed custody framework changes for registered advisers, registered funds and BDCs, including new pathways for self-custody and state trust company custody of crypto assets.
Zhejiang Securities Regulatory Bureau issued three warning letters to Hangzhou Turing, a hedge fund manager with ~10 billion yuan (~$1.5B) AUM, citing seven violations including false promotional materials, inadequate investor controls, and mixed affiliate office space; chief Wang Xiaoyan and compliance head Li Qiong held accountable.
Fitch affirms Brookfield Global Transition Fund's subscription facility at AA-.
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