The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.
May 8, 2022The FSC will classify fractional investment products as securities on a case-by-case basis and require issuing firms to adopt investor protection measures.
May 5, 2022The court penalised an NFT marketplace for failing to subject an artwork to review and meet its obligations to protect against intellectual property theft.
May 1, 2022ASIC will be able to limit a corporate director’s CCIV operations to one CCIV with a single sub-fund if the corporate director fails to demonstrate 'organisational competence' and capacity.
March 22, 2022The rules will enable aggrieved investors to claim compensation from amounts already paid by securities violators in fines and confiscations.
March 16, 2022The court's decision merely transfers illicit profits to a select group of individuals who were "lucky enough to have traded with the insider", says Tom Fyfe.
March 1, 2022Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.
February 24, 2022Industrial Bank of Korea also has to suspend its private fund sales operations for 1 month. Discovery Asset Management and its CEO are suspended for 3 months.
February 21, 2022Administrative penalties or criminal judgments will no longer be preconditions for courts to accept civil compensation cases involving securities fraud.
February 6, 2022