Financial regulators to adopt AI to root out unfair stock trading

Artificial intelligence (AI) will be used as a new regulatory tool to crack down on unfair stock trading practices in line with President Lee Jae Myung’s stock market reform drive, financial authorities said Wednesday. The Financial Services Commission (FSC), jointly with the Financial Supervisory Service (FSS) and the Korea Exchange (KRX), said Lee’s zero-tolerance policy will be strictly implemented against stock price manipulation, illegal short selling practices, false disclosures and other practices designed to seek illegal financial gains. The three organizations will establish a special joint task force of 34 officials on July 30 to monitor suspicious activities and launch investigations promptly when necessary. “The FSC, the FSS and the KRX have come up with these measures after discussing ways to strengthen initial responses and enforce strict penalties against unfair trading practices,” the FSC said. It explained that the discussion took place after the president addressed the need for a “one strike, you're out” rule, a week after his June 4 inauguration. Lee said laWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times