[Apha Biz=(Chicago) Reporter Paul Lee] The Financial Services Commission has launched a forced investigation into Shinpoong Pharmaceutical to check for unfair stock trading by its executives and employees.
According to the financial investment industry on the 21st, the Financial Services Commission's capital market investigation team conducted an on-site survey of the Shin Poong Pharm headquarters earlier in the day.
Forced investigation is a method of investigation that includes on-site investigation, seizure of data (temporary custody), restoration and analysis of smartphone and hard disk (forensics).
It can quickly respond to stock price manipulation as it can conduct an investigation equivalent to a seizure search without having to go through a court warrant process.
The Financial Services Commission is looking into allegations that executives and employees of Shinpung Pharmaceutical Co. traded stocks using unknown internal information in the market in the process of a surge in Shin Poong Pharm's stock prices in recent years.
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