Employees of Korean Regulator Accused of Insider Trading
January 19, 2018
An official of Financial Supervision Service of South Korea said that the Service began an investigation into possible cases of insider trading by employees of the organization.
Choi Heung-sik, the head of the Service, told that the Service will publicly report on all found cases of insider trading.
According to an article in The Korea Times, he said:
"We've acknowledged allegations that an FSS official sold crypto-assets based on insider information before the government's updated announcement to regulate the market. We are looking into this case."
According to another local newspaper, Yonhap, it is probable that several employees of the Service could be engaged in insider trading.
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