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CNBLUE's Yonghwa found innocent, Jonghyun charged fine for insider trading

By yckim124   Thursday, June 30, 2016   395,478   28,802   0



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CNBLUE's Yonghwa has been cleared of charges, while Jonghyun is being penalized for insider trading at FNC Entertainment

On June 30, FNC announced, "Jung Yonghwa and Lee Jonghyun actively participated in the investigation. The final ruling states that there was a misunderstanding with Yonghwa, and he was ultimately found innocent. However, for Jonghyun, he has been fined 20 million Won (~$17,342 USD)." 

SEE ALSO: CNBLUE's Yonghwa investigated for insider trading at FNC Entertainment

It was also reported that Yonghwa and Jonghyun have been under investigation since May for insider trading. Yonghwa was cleared of charges, but Jonghyun admitted to purchasing stock following the signing of a popular celebrity at FNC Entertainment. However, he has only been penalized with a fine as he did not re-sell once he found out that his actions were illegal. 

FNC Entertainment apologized for the controversy as well and promised to improve company management. 

  1. Yonghwa
  2. Jonghyun
  3. Jonghyun
  4. fnc entertainment

sleepingaurora Saturday, July 2, 2016

Its time to forget and move on. what had happened has ended. This problem was not related with their personality and talents. they became great because talents. I dont care about image in public. Yonghwa found innocent, feel unfair if because of this he was hated. Honestly I became more respect for Jonghyun. He was honest and admitted his mistake. there is nothing better than that. his personality not jokes. Hope their activities back to normally soon.

hearts4 Saturday, July 2, 2016

Insider trading laws are meant to ensure market freedom and aimed at preventing executives from public companies to gain an advantage over investors, not to catch ill-advised or misinformed celebrities. The crime committed is trivial and did not harm anyone directly. They were investigated and punished accordingly, people should just accept the outcome of the entire incident, think of it as a learning opportunity and move on. Stop condemning them for an act that did not affect you. Continue to support them if you still wish to as they are ultimately very talented artists and musicians, and not stockbrokers, or just move on and let go, because this really doesn't affect you.

autocat_hyk Friday, July 1, 2016

I uderstands ppl have their own bias but I hope those who so called Yonghwa's fans and Jonghyun's fans stop saying SHITS. CNBLUE is a team, a band. And THEY ARE ONE, as we are. Stop spreading false rumours and stop saying things that hurt any member of CNBLUE. Investigation has been done, so just keep calm and support them. ALL OF THEM!

Min_AhReum Friday, July 1, 2016

Im so glad he is innocent after all. Yonghwa fighting!

mizhielle03 Friday, July 1, 2016

yonghwa was found innocent already but people still keep talking shit about him. why people cannot accept the fact that the prosecution found him innocent? but people still creating drama/scenarios that wasn't even there. people judge Yonghwa as if they are close, but in reality they don't even know him personally. wish they should stop and just move on.

kitteauaena mizhielle03 Friday, July 1, 2016

people think he threw his mom under the bus when the reality is that his mom bought stocks BEFORE YJS signed with FNC and when she saw the stocks rising she figured it would be a good time to sell them (neither Yonghwa or his mom were aware that YJS had just signed with FNC at the time--only Jonghyun knew about it from a friend, though Jonghyun quickly found out it was illegal and didn't sell the stocks he initially bought).

mizhielle03 kitteauaena Friday, July 1, 2016

i know right, but even with all those explanations and evidence people still believe otherwise. they believe yonghwa is still a bad person. but oh well i guess not all of us are broad minded and believe in the facts. people will believe whatever they want whether its just a rumor or gossip.

hexrealm kitteauaena Saturday, July 2, 2016

Insider trading includes next of kin so his mum has nothing to do with him being found innocent. As long as the shares were bought before YJS negotiation, selling them any time after YJS joined has no bearing on the case at all.

InvisibleBBC02 Friday, July 1, 2016

When this whole thing was announced, I had a feeling it was Jonghyun. I don't even know why, I just did.

rickkelly Thursday, June 30, 2016

Looks like Seohyun pulled some strings...

afterschoolslays Thursday, June 30, 2016

fnc fighting

federick Thursday, June 30, 2016

as long as they will not patronized prostitute, im still a fan!

JaeKhayeCee Thursday, June 30, 2016

That plot twist tho~ Everyone was pointing fingers at Yonghwa

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