
JP Morgan's brokerage unit in South Korea was fined over illegal leakage of its clients' transaction information, Seoul's financial watchdog said. JP Morgan Securities in Seoul was fined 37.5 million won (35, 000 U.S. dollars) by the Financial Supervisory Service (FSS) as the U.S. investment bank's Seoul office illegally provided information on transactions ordered by clients. The regulator issued an institutional warning against the office, and took disciplinary measures against the office's four executives and staff members. From July 22, 2009 to Oct. 11, 2012, the Seoul office allowed as many as 79 executives and staffs in six overseas affiliates to check transaction orders and dealings from 6,029 clients without their consent on a real time basis. The office also provided information on stock transactions of its affiliate illegally to 65 institutional investors via online messengers over a total of 1,705 times during the period of July 28, 2009 to Dec. 8, 2011. Furthermore, it offered information on block trading instructed by clients to 79 institutional investors through the messengers over a total of 217 times between Oct. 5, 2009 and April 29, 2011.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor