The Federal Court ruled that Block Earner was offering unlicensed financial services through its "Earner" product.
Goldman did not include some of the securities it traded in surveillance reports between February 2009 and mid-April 2023.
Collin Chiew has been accused of receiving SGD 668,000 in bribes and faces five counts of corruption as well as a money laundering charge.
The Singaporean national signed letters to Wirecard AG stating various bank account balances, without verifying those balances.
The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.
Other former senior executives of Qianhe Capital Management, ICBC, Taiping Life Insurance, and Bank of Communications also facing criminal charges.
The SFC barred two former representatives of Nerico Brothers, considering them “not fit and proper" to be licensed.
Three executives of crypto platform Haru Invest were arrested for failing to return KRW 1.1 trillion worth of crypto to investors.
FSS Korea warns of stern repercussions for misconduct by financial firms, excessive risk-taking, and high fees and interest rates.
The firm self-reported its violations, provided "substantial cooperation" to SEC staff, and undertook prompt remedial measures.
Loading more posts...
Sorry, no more posts
No more pages to load