Effective from 1 January 2023, the guidelines are part of the response by the FSS and KOFIA to boost market confidence after a series of hedge fund scandals in Korea.
December 28, 2022The hedge fund manager used non-public information from a market sounding call to trade short swaps on a KRX-listed stock.
October 3, 2022The bankruptcy filing came three days after Three Arrows entered into liquidation in the British Virgin Islands.
July 5, 2022MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.
July 1, 2022The Fifth Circuit court ruled that the SEC's use of in-house administrative law judges deprived the petitioners of the right to a jury trial.
June 13, 2022The DOJ, CFTC and SEC charged Archegos and four of its executives for defrauding banks and brokers and manipulating the prices of publicly traded securities.
April 28, 2022The FSC has also fined Optimus and ordered board member removals, over "numerous counts of violations and inappropriate fund management activities".
November 26, 2021Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.
November 16, 2021Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
July 30, 2021