Search results for HTS
Finance
Low PBR firms ranked near bottom for 3 years to be disclosed; first list in November
South Korea will for the first time in November disclose a list of listed companies whose price-to-book ratios have stayed near the bottom of their industries for three years. The Financial Services Commission and Korea Exchange set the threshold at the bottom 25 percent for KOSPI and the bottom 10 percent for KOSDAQ, based on semiannual calculations by industry. Firms can receive a one-year exemption if they disclose value-up plans including low-PBR improvements, with limits.
Finance
FSS special investigators refer 7 suspects in front-running scheme using stock highlight articles
South Korea\'s Financial Supervisory Service special judicial police said it uncovered two cases of illegal trading using stock highlight articles and referred seven suspects to prosecutors for alleged capital markets law violations. The suspects are accused of buying shares before articles were published and selling shortly after publication to make illicit gains. Two suspects, including a certified public accountant alleged to have led a stock manipulation ring and a working reporter, were arrested on June 9.
Finance
Meritz Securities MTS down again
Concerns over unstable access to Meritz Securities\' mobile trading system flared again after online posts said logins failed from around 2:10 a.m. on April 29. Some investors wrote that they could not log in, could not sell and had difficulty reaching the firm by phone, during U.S. stock trading hours. Investors protested what they described as repeated IT problems. The firm has previously cited system errors and pledged additional IT investment.
