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FNC Entertainment denies allegations of stock market manipulation

By elliefilet   Thursday, June 23, 2016   31,285   2,382   0
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FNC Entertainment has denied allegations that the agency has benefited from stock market manipulation or insider trading.

SEE ALSO: Han Seo Hee snaps back at netizens who're falsely saying she's a Maroo Entertainment trainee



On June 23, a rep from the level stated, "The stock market manipulation allegations are false. We'll aggressively cooperate with the prosecutor's investigation. The deals in stocks made last July have been deemed as a normal exchange. The issue is unrelated to stock manipulation." The rep added, "The situation is not due to the agency, but rather from a person related to the label who made a personal stock deal."

It's reported that a financial investigation team has searched the homes of celebrity A, housed under FNC Entertainment, and his friend, the agency building, and other locations. Allegedly, A engaged in insider trading as he knew when the label would sign other celebrities and bought stocks to make a profit before the news went public.

Reports say A and his friend allegedly earned 200 million Won (~$175,000 USD) through insider trading last July when they learned Yoo Jae Suk would be recruited by FNC and bought stocks accordingly.

Stay tuned for updates.
  1. misc.
  2. fnc entertainment


lovelynnnnnn Tuesday, June 28, 2016

And here I thought FNC was doing alright for a small company. I mean they're getting bigger and has a great line up of idols and MC's. And then this shit happens. Well damn, FNC needs to get their shit together lol. They'll lose artists by the time their contracts end and.

nameisinvalid Thursday, June 23, 2016

Ever since the multiple controversies related to this company, it always makes me wonder if [blank] was an "accident", or something left intentionally.Just work on your public image and give us AOA again already... those two weeks were W A Y  T O O  S H O R T.

NalsaYbur Thursday, June 23, 2016

GET UR DAMN FUCKING SHIT TOGETHER FNC AND QUIT HURTING AOA

jypnloves Thursday, June 23, 2016

i was trying to find the drummer girl of AOA black in the fnc kingdom family picture...but can't found it...is she out of the group??is she not a part of AOA anymore??

ygbad_boy jypnloves Thursday, June 23, 2016

I was wondering the same thing :/

nameisinvalid jypnloves Thursday, June 23, 2016

AOA's resident dungeon girl. She's currently on hiatus.

jypnloves nameisinvalid Thursday, June 23, 2016

pity her debut as AOA later nowhere to be found...not even included in FNC family photo...

ygbad_boy jypnloves Thursday, June 23, 2016

one of the main reasons FNC gets a lot of hate is that. They promoted AOA as a different girl group and ended up becoming like those girl groups by forgetting the band concept.

nameisinvalid ygbad_boy Thursday, June 23, 2016

I wouldn't agree to that necessarily. Not all debuts concepts pan out the way they were intended - like Kara and EXO, for example.

NalsaYbur jypnloves Friday, June 24, 2016

Hush hush. Its a oart time job for her. and all yall saying that aoa debuted as blah blah changed to blah blah etc, no they didnt. The original aoa is 7+1 that one being youkyung(drummer girl) and the girl group that dances etc is aoa white. Kay? Thats the girl grouo side, and youkyung originally told the company she wouldnt be singing nor dancing lol. Shes basically not even ab idol, likr i said, but a part time job as the drummer. Kay? KAY?!? Like i love how yall r watching out for er dont take me wrong and pls dont get offended but lets try to support the girls who actually r active

ygbad_boy NalsaYbur Friday, June 24, 2016

what? It's that even English?

NalsaYbur ygbad_boy Friday, June 24, 2016

No sweetie its in korean. 야 닌 뭐 완벽하길레 날 판단하냐? 헐.. 미친 . 참나

ygbad_boy NalsaYbur Monday, June 27, 2016

Kay... KAY, sweetie

NalsaYbur ygbad_boy Monday, June 27, 2016

Lol

primazaza Thursday, June 23, 2016

I just want FTISLAND comeback...

pkmy1996 Thursday, June 23, 2016

How about you fnc start leaning how to manage your own artists well and not to effed them up over and over?

neoncolors_0 Thursday, June 23, 2016

Where are the policies at fnc that limit individuals within an agency who HAVE THE INFORMATION to manipulate stock markets? Okay, yes fnc did not allegedly manipulate the stock market, but how poor is your upper management, logistics, whatever tier to allow this confidential information (who the label's gonna sign with) to get into the hands of an employee, and MOREOEVER allow this emloyee to engage in that kind of behaviour? And now all you say is: "Well, it's not actually, us, fnc, the company that's responsible." Like wtf you pussy-ass pricks.

dahyuns neoncolors_0 Thursday, June 23, 2016

The article says it was a celebrity though. Probably got the info through special connections within the company.

neoncolors_0 dahyuns Thursday, June 23, 2016

Still, where are the policies that could have prevented this ordeal?

smokeee Thursday, June 23, 2016

these guys are being punished for having a brain.  i wish akp netizen were punished for not having brains.

jeyjin Thursday, June 23, 2016

Yuna looks amazing in business attire.

NalsaYbur jeyjin Friday, June 24, 2016

Yuna is amazing in everything lol shes so underrated. Shes so pretty too. And she also has a great body, better than seol imo. She was originally introduced as "the member in charge of the volume (like body etc) can u tell im an elvis lol

jeyjin NalsaYbur Friday, June 24, 2016

I didn't know that but i believe it. She's very underrated. Do you know why she's so unpopular because i think she's great

NalsaYbur jeyjin Saturday, June 25, 2016

Well, in korea, they like fces like seol and suzy, (the simple kinda plain pretty) and yunas like, unique pretty. Ya know? Also, ppl have rlly split opinions about high toned voices and that why jimin sometimes gets hated for her rapping. Yina is so underrard tho. Shes super sweeet too. Also the bigest problem? FNC constantly and consistently pushes seol forward and media plays her to no end. If thwy hadnt media played her so much aoa wouldnt have fallen so hard ㅠㅠ But its kay cuz theyll be fine. Theyre my angelz~★ srry kida got off topic lol

Bella_Strand Thursday, June 23, 2016

LOL... this is the most amateur insider trading manipulation ever... you NEVER bought the shares/stocks yourself if you are an insider. Always use a proxy, you idiot!

L_catzzz Bella_Strand Thursday, June 23, 2016

Really? Because this site said the insiders can bought the shares/stocks for themselves legally: https://www. sec. gov/answers/insider.htm, http://www. cnbc. com/id/43583339, unless it involves trades of not publicly available info to third parties or that u don't declare of the trades

Bella_Strand L_catzzz Thursday, June 23, 2016

It's going to be loooooog if i were to elaborate... but basically why FNC is in trouble or under investigation is they do not declare in advance to the official trading authority. That's why it's illegal

L_catzzz Bella_Strand Thursday, June 23, 2016

Yup, agreed with you on that. It's bcoz they don't declare the trades.

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