Finance
Prosecutors raid Daishin Securities, reviving brokerage internal controls debate
A prosecutors’ raid on Daishin Securities in a probe into alleged price manipulation involving a manager has reignited concerns over the effectiveness of internal controls across South Korea’s brokerage industry. The employee is suspected of colluding with outside actors to boost a KOSDAQ-listed stock and generate illicit profits worth tens of billions of won. Daishin says it detected suspicious trading early and reported the case, but some see the investigation expanding. Regulators and firms are also stepping up internal-control measures.
