Economy
'Control failures and lack of oversight': Kesem to pay 1 million shekel fine
The Securities Authority's administrative enforcement committee approved a settlement with Kesem following oversight failures of a trader at the firm, who allegedly conducted coordinated transactions with associates for more than three years. The authority: 'The employee's irregular activity should have triggered the fund manager's real-time control mechanisms'
· Source: TheMarker. Photo as published
The Securities Authority's administrative enforcement committee approved a settlement with Kesem following oversight failures of a trader at the firm, who allegedly conducted coordinated transactions with associates for more than three years. The authority: 'The employee's irregular activity should have triggered the fund manager's real-time control mechanisms'
