Asia

Financial Services Agency to Investigate Korea Investment Securities Trading System Failure

After a recent 15-hour system outage at Korea Investment Securities earlier this week, the Financial Supervisory Service (FSS) has launched an investigation into the incident after receiving reports of relevant facts from securities firms. , based on the Electronic Financial Transactions Act, will decide whether to impose sanctions for system failure after examining the report if the securities company’s fraudulent activities are confirmed. As of now, the FSS does not have a specific timeline for on-site inspections or sanctions.

https://www.koreatimes.co.kr/www/biz/2022/08/126_334288.html?utm_source=fl Financial Services Agency to Investigate Korea Investment Securities Trading System Failure

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