All posts tagged "compensation"
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195AML / KYCChina Passes Anti-foreign Sanctions Legislation
Countermeasures can be taken against senior managers and actual controllers of firms included on the anti-sanctions list, as well as their family members.
June 14, 2021 -
62EnforcementKorea FSS Orders IBK to Compensate Investors Over Mis-sold Funds
The FSS said IBK failed to adequately inform customers of potential high risks and lacked internal controls to monitor the selling process.
May 27, 2021 -
60IndiaSEBI Issues Compensation Guidelines for Fund Managers
20% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.
May 5, 2021 -
135Australia & NZASIC Finds Client Detriment in Review of IOOF Licensees
In a statement, IOOF said that the advice file reviews highlighted by ASIC were already part of its existing remediation programmes of work.
May 3, 2021 -
192EnforcementMirae Asset Sues Shinhan Over Lime Fund Losses
Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime's credit insured funds.
April 22, 2021 -
180EnforcementNH Investment Asked to Fully Compensate Optimus Investors
An FSS arbitration panel has advised NH Investment to pay full compensation to two investors for failing to properly explain the risks of Optimus funds.
April 9, 2021 -
210EnforcementWoori Accepts FSS Compensation Guideline for Lime Losses
Woori will compensate investors who lost money from funds managed by Lime Asset Management in line with FSS recommendations.
March 16, 2021 -
292EnforcementS. Korea Amends Bill to Protect Private Equity Fund Investors
The revision bill addresses issues with feeder funds, cross investing between PEFs managed by the same entity, and inappropriate sales activities involving coercive sales tactics.
March 12, 2021 -
166Australia & NZASIC Seeks Penalties from CBA for Overcharged Interest
Due to a systems error, CBA charged more than 1,510 customers a higher interest rate than they were advised, amounting to A$2.2 million in overcharged interest.
February 17, 2021 -
230Asia-PacificSEC Thailand Orders Crypto Exchange to Suspend Client Onboarding
Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.
February 8, 2021
