All posts tagged "hedge fund"
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125EnforcementKorea: Daishin Securities Ordered to Compensate Lime Investors
Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021 -
286EuropeIndependent Report Finds Risk Control Failures at Credit Suisse
The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
July 30, 2021 -
150EnforcementKorea FSC Extends Optimus Suspension for Six More Months
A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021 -
234Enforcement
FINMA Opens Probe Into Credit Suisse Archegos Losses
The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.
April 24, 2021 -
536EnforcementNomura Establishes Internal Team to Probe Archegos Loss
Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.
April 14, 2021 -
566Feature
Hedge Fund Collapse Sparks Billions in Losses for Banks
The SEC, FSA, and FINMA are monitoring the situation, after the collapse of Archegos Capital Management left Nomura and Credit Suisse with billions in losses.
March 30, 2021 -
251EnforcementWoori 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 -
442Enforcement
Seoul Court Jails Daishin Securities Executive Over Fund Losses
The FSC has also revoked the registration of Lime Asset Management, imposed a 950mn won fine against the firm and ordered the suspension of its staff and executive personnel.
December 7, 2020 -
708EnforcementKorea FSS to Penalise Brokerage CEOs Over Lime Asset Mis-selling
The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.
October 8, 2020 -
1.3KEnforcement
Korea: Optimus Asset Management Accused of Fraud, Embezzlement
Optimus Asset Management CEO Kim Jae-hyun misappropriated investor funds to personally invest in stocks, futures and options since 2018.
July 24, 2020
