NH Investment Securities said on Jan. 20 it will implement stronger internal controls by including the family accounts of all executives in its monitoring scope.

Until now, NH Investment Securities has registered and managed only family accounts of employees in departments with a high potential for conflicts of interest, such as its investment banking division.

Under the new measure, it will expand the scope to cover family accounts of all executives. In the second half of the year, it also plans to conduct sampling checks of reported accounts.

The measures are part of a set of "trust strengthening" steps prepared by an internal controls reinforcement task force team (TFT) launched in November last year.

Expanding monitoring to all executives reflects an intention to apply strict internal control standards starting with management, the key decision-makers.

The company plans to use the measures to block in advance legal and reputational risks related to unfair trading and to boost trust from the market and customers.

NH Investment Securities' internal controls reinforcement TFT has implemented stringent steps to restore trust, including announcing the "trust strengthening" measures.

It has also strengthened its management framework for material non-public information by introducing a "Project Participation Management System" that registers and manages companywide employees who handle or can access such information.

CEO Yoon Byung-woon (윤병운) said the move means the firm will clearly reflect across management the principle that customers' interests come before those of the company and its employees. He said it will continue to strengthen ethical management and accountable management systems centered on the internal controls TFT.