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Korea Exchange says it checking Merrill Lynch trades after media reports, petition

Korea Exchange says it checking Merrill Lynch trades after media reports, petition
FILE PHOTO: A journalist walks past an electronic board of the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File Photo   -   Copyright  Kim Hong-Ji(Reuters)
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SEOUL (Reuters) – The Korea Exchange (KRX) said on Tuesday it was looking into Merrill Lynch’s <BAC.N> Seoul operation over alleged unfair stock trades.

“The KRX is looking into Merrill Lynch (South Korea operations) over unfair stocks trading allegations,” a KRX official told Reuters.Petitions on the website of the South Korean president’s office have called for investigations into Merrill Lynch’s KRX trades.

Merrill Lynch International Incorporated, Seoul Branch, is a subsidiary of Merrill Lynch International Inc.

Efforts to reach Merrill Lynch in Seoul, Hong Kong, Singapore and Tokyo for comment were not successful.

(Reporting by Hayoung Choi; Editing by Eric Meijer)

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