New Rules to Boost Transparency in CFD Transactions kbs.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kbs.co.kr Daily Mail and Mail on Sunday newspapers.
Turnover of Korea s main and secondary bourses dropped sharply last month as investor sentiment was dampened by a recent Ponzi scheme that has rocked the local financial market, data showed Tuesday.
The government has overhauled regulations on trading of contracts of differences (CFDs), a highly leveraged derivative product tied to the purchase and sale price differences of equities. The move is aimed at strengthening requirements for trading to increase transparency and protect investors in order to prevent major stock price manipulation scams based on derivative trading, as seen in a recent high-profile stock manipulation case involving eight local stocks, which wreaked havoc on hundreds of retail investors.
Prosecutors on Friday indicted the head of an investment consulting firm and his two aides in a large-scale stock manipulation case that has rocked the local financial markets.
Two close aides of the head of an investment consulting firm were arrested Friday for allegedly recruiting investors in a large-scale stock manipulation case that has rocked the local financial markets.