The Seoul Nambu District Court approved the arrest warrants sought for three of the four former employees by the prosecution, citing risk of flight and/or evidence tempering. The court said one of the four did not require to be placed under arrest as the person did not appear to have actively participated in the wrongdoing.
The former employees face charges of fraudulent trading and breach of trust.
The Financial Supervisory Service reported the 21 employees for malpractice and embezzlement with the prosecution in May. After a search and seizure of the Samsung Securities headquarters, the prosecutors questioned the 21, before seeking to arrest four of them.
The FSS, meanwhile, began on Thursday reviewing the level of penalties for former and incumbent CEOs and executives of Samsung Securities, deeming the fat finger fiasco a result of systematic failure. Suspending parts of the operation of Samsung Securities is also on the table, according to officials.
By Son Ji-hyoung