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(Economy)Fines 6 FSS employees for violation of stock market regulations

Employees of the Financial Supervision Service who violated regulations on the sale of financial investment products such as stocks will be fined.

According to data received by Kim Hyun-jung of the Democratic Party of Korea from the Financial Supervisory Service, the Financial Services Commission voted on the 16th to fine 11.5 million won for six FSS employees.

Fines imposed per person range from 500,000 won to 6.6 million won.

This is the result of the Financial Supervision Department’s inspection of business transactions of managers and employees on financial investment products last year and the inclusion of related measures on the agenda of the Financial Services Commission.Employees of the Financial Monitoring Service

are required to report account opening and quarterly transaction details when buying or selling financial investment products under the Capital Markets Act, but these six do not have them notified.

The Financial Monitoring Service plans to take necessary action through an internal disciplinary committee for employees who have received fines.

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