Search results for whistleblower
Crypto
Polymarket, Kalshi declare war on insider trading, warn of permanent ban for sharing confidential information
Prediction market platforms are tightening trading rules to curb insider trading and market manipulation, including blocking politicians and athletes from trading in markets directly tied to them. Kalshi introduced safeguards barring political candidates from betting on their own campaigns and prohibiting sports participants and officials from trading on games they are involved in. Polymarket updated integrity rules, detailing banned conduct and warning of wallet reviews, permanent bans, referrals to investigators and financial penalties.
Finance
FSS to tighten banks\' internal controls with new conflict-of-interest standards
South Korea\'s Financial Supervisory Service said on Monday it has prepared conflict-of-interest prevention guidelines for the banking industry with the Korea Federation of Banks and the sector to curb improper dealings involving employees and interested parties. The guidelines reflect international standards and detail the scope of interested parties and related-party transactions, including credit provision and lease contracts. They also introduce step-by-step internal controls, expand disciplinary action regardless of losses, and promote whistleblower protection and rewards. Banks plan to apply the rules from July.
Finance
Korea\'s capital market advance aims to root out stock manipulation, zombie firms
Experts said the KOSPI reaching 5,000 reflects Korea’s capital market development, citing global liquidity, semiconductor-led earnings growth and normalisation policies. They highlighted conditions for sustaining gains and noted ETF growth and shifts in retirement savings. Another speaker said Korea remains undervalued due to weak shareholder returns and flagged structural problems in KOSDAQ. A finance ministry official outlined steps to expand a joint crackdown team, boost whistleblower rewards, shorten delisting reviews and introduce measures to protect ordinary shareholders.