The Securities and Exchange Surveillance Commission, today, made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to market manipulation by Sigmago Co., Ltd. (“Sigmago”) pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency.
This recommendation is based on the findings of an investigation into market manipulation, whereby the following violations of laws and ordinances were identified.
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