Korea’s financial regulators
on Friday
allowed Lone Star Funds,
convicted of stock manipulation,
to rake in huge management premiums
from its coming disposal of its stake
in Korea Exchange Bank.
# On Friday,
Korea's financial regulators granted that Lone Star Funds,
who are guilty of stock manipulation,
make an enormous profit
on selling its Korea Exchange Bank shares.
The nine-member panel
of the Financial Services Commission
chose not to take stern action
against the U.S.-based fund,
allowing it to sell most of its KEB shares to “any” investor within six-month.
# The nine-member panel
of the Financial Services Commission
decided to order that Lone Star,
the U.S.-based fund,
dispose of its stake
in KEB to "any" investor by sale within six months.
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