Finance
FSS issues warning on insider share trading disclosures, short-swing profit returns
South Korea\'s Financial Supervisory Service said executives and major shareholders of listed companies must return any short-swing trading profits generated from buying and selling company securities within six months, regardless of whether undisclosed information was used. It also warned about obligations to disclose equity transactions, including large shareholding reports and ownership status reports, and urged care after the cap on penalties for disclosure violations rose in July last year.
