Daishin Securities has decided to restrict domestic listed stock trading for about 100 executives and employees in departments where unfair trading is a concern.
According to the financial sector on the 26th, Daishin Securities took this measure for several departments with concerns about unfair trading, including research, wrap accounts, and trusts. A Daishin Securities official said it was "a measure we first proceeded with starting last year."
Recently, prosecutors detected allegations that a Daishin Securities executive colluded with a price rigging group to manipulate a stock price and launched a compulsory investigation. After conducting an internal audit in June last year, Daishin Securities found these allegations and filed a complaint.
Employee A, at the director general level who worked at a Daishin Securities branch in Gyeonggi Province, is reportedly suspected of colluding with a price rigging group early last year to participate in price rigging of KOSDAQ-listed company B. The amount of illicit profit A obtained is estimated to be in the billions of won.
In August last year, Daishin Securities reported A to the Namdaemun Police Station in Seoul on charges of violating the Financial Investment Services and Capital Markets Act, the Real Name Financial Transactions Act, and the Electronic Financial Transactions Act. A resigned at the end of last year after receiving severe internal disciplinary action.