The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
Withdrawals have been suspended one week. Celsius says it is continuing efforts to stabilise its liquidity and operations, and that the process "will take time".
The former Hong Leong investment banker deceived four investors into investing in investment schemes that in reality did not exist, the SC said.
Charges were filed against Allianz Australia Insurance and AWP Australia in February last year.
Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.
Unrelated clients received deposits from the same third party within four days, and then used the funds to trade in the same stock.
High cash balances resulted in lower returns for robo-adviser clients. The effect of this "cash drag" was not disclosed to clients, the SEC said.
OFSI will no longer have to prove a person had knowledge or reasonable cause to suspect they were in breach of sanctions to impose a civil penalty.
ANZ was fined last year for making misleading representations when distributing CCRI policies, many of which were issued by Cigna and OnePath.
The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.
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