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[Alpha Biz=(Chicago) Reporter Kim Jisun] Employees of the Financial Supervisory Service who violated regulations on the sale of stocks and other financial investment products have been sanctioned.
According to the financial authorities on the 24th, the Financial Services Commission imposed a fine of 13.7 million won on eight FSS employees for violating trading restrictions at the 20th Securities and Futures Commission held in November last year. The fine imposed per person is between 1 million won and 4.5 million won.
"Six people, including A, did not notify them of their quarterly sales details, while two, including B, have sold using multiple securities firms and accounts," the Financial Services Commission said, citing the reason for the action.
The Securities and Futures Commission also imposed a fine of 62.9 million won on 39 executives and employees of the Korea Exchange for violating regulations on the sale of financial investment products.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
