South Korea's Financial Supervisory Service is investigating Hana Financial Investment Co. Ltd. over alleged illegal trading ahead of transactions, or so-called front-running trading,The Korea Times reported Sept. 19, citing sources.
The regulator's special judicial police team began searching the company's research center on Sept. 18 and seized cellphones of about 10 analysts.
The police team did not provide further details since the investigation is ongoing, while an official from Hana Financial Investment declined to comment on the matter, the report noted.
