July 12, 2019
Posted July 12, 2019
Korea Exchange, Inc., based in Busan, Korea, will pay $150,000 and implement financial management standards in settlement of charges by the CFTC that the company falsely certified to the Commission that it was in compliance with specified international financial management standards and testing requirements. KRX had made the certification in order to maintain its exemption from certain registration requirements. CFTC
Tagged in: Fraud in CFTC-Regulated Markets, Regulatory Violations,