Financial Services Commission Expands Dedicated Capital Market Investigation Department... "Eradicate Securities Crimes"
[Asia Economy Reporter Minji Lee] The Financial Services Commission announced on the 26th that it will expand and reorganize the dedicated capital market investigation department from one division at the manager level to two divisions to establish an efficient investigation system for securities crimes.
With the departmental reorganization, the Capital Market Investigation Team will be expanded and reorganized into the Capital Market Investigation General Division and the Capital Market Investigation Division. The Capital Market Investigation General Division will be responsible for planning, overseeing, and coordinating investigations into unfair trading in the capital market, executing duties related to capital market judicial police management, and handling external cooperation related to capital market investigations. The Capital Market Investigation Division will be responsible for investigating and taking action on unfair trading in the capital market, false disclosures, and omissions of important case details.
This departmental reorganization is due to the significant expansion of the capital market scale and the number of participants, as well as the increasing sophistication of unfair trading cases. The Financial Services Commission has been consulting with related ministries such as the Ministry of the Interior and Safety and the Ministry of Economy and Finance to strengthen the dedicated capital market investigation department and has promoted the reorganization through amendments to the organizational regulations and enforcement rules.
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The Financial Services Commission stated, “Unfair trading cases in the capital market are becoming increasingly organized and sophisticated, making effective responses difficult,” and added, “We expect that this organizational reorganization will enhance the efficiency and expertise of capital market investigation work.”
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