The Fair Trade Commission has initiated severe sanctions targeting professional dealers (PDs) of government treasury bonds. It is said that the exchange of information and ‘false bids’ during the competitive bidding process for government bonds are considered collusion and the imposition of a fine in trillions of trillions. The will to correct market order must be respected. However, if the blade of regulation is aimed at the treasury bond market, which is the core bloodstream of national financing and the forefront of the capital market, the story is different...