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Prosecutors investigate former Kiwoom chief over alleged stock manipulation

Prosecutors have launched an investigation into allegations that former Daou Kiwoom Group Chairman Kim Ik-rae was involved in a stock manipulation scheme that caused the share prices of eight companies plummeting for no apparent reason in May. ....

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FSS to investigate Kiwoom Securities for stock manipulation

Korea s top financial watchdog has launched an investigation into Kiwoom Securities to look into whether the company engaged in unfair sales of a contract for difference (CFD). The risky leveraged derivative is considered to have driven the latest stock manipulation scandal which incurred combined losses of around 8 trillion won within only four days late last month. ....

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Kiwoom chief comes under fire for suspicious stock sales

Daou Kiwoom Group Chairman Kim Ik-rae has angered investors with his suspicious sales of Daou Data shares, shortly before the stock s abrupt decline. It remains unclear whether Kim is involved in the escalating stock scandal surrounding eight companies that experienced plummeting stock prices for no apparent reason. ....

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As pandemic pinches sales, Bic buys startup that fell short on Shark Tank


As pandemic pinches sales, Bic buys startup that fell short on Shark Tank
By Alexander Soule
© Provided by Connecticut Post
Rocketbook products on display in December 2020 at the Amazon 4-star store at The SoNo Collection mall in Norwalk, Conn.
Bic, which has sold more than 100 billion ballpoint pens in its history, is acquiring a Boston company that makes “cloud notebook” devices that allow users to jot notes and drawings and upload them easily into apps like Google Docs then erase the page for reuse.
Rocketbook devices are sold on Amazon for between $30 and $45 depending on features, as well as at the company’s Amazon 4-star retail stores including at The SoNo Collection mall in South Norwalk. ....

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