[THE INVESTOR] Yuanta Securities Korea has been slapped with a fine of 2 billion won (US$ 1.76 million) for omitting transactions with affiliated entities in its regulatory filings, the securities regulator said July 14.

The Securities and Futures Commission noted that the company will also be audited by an external auditor designated by the state for two years.

The company omitted real estate transactions with an affiliated person, and monetary transactions between a subsidiary and an affiliated person between 2010 and 2013, the SFC said.

The omissions were made when the company was known as Tongyang Securities.

By Choi He-suk (cheesuk@heraldcorp.com)