All posts tagged "IIG"
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1.1KEnforcementS. Korean Regulators to Probe All Private Fund Operators
A new inter-agency team, led by the FSS, will be established by mid-July, and refer any illegalities detected to authorities for 'swift action' including prosection.
July 5, 2020 -
902EnforcementLime Asset, Shinhan Investment Raided in Hedge Fund Misselling Probe
Investigators were dispatched to both firms to secure computer drives and documents linked to alleged misselling and fraud at both firms.
February 20, 2020 -
998EnforcementKorea to Strengthen Regulatory Framework for Hedge Funds
The FSC will cap illiquid investments at 50% for open-ended funds, require them to conduct regular stress tests, raise transparency of complex fund structures, and enhance supervisory monitoring.
February 15, 2020 -
928Enforcement
Nine Korean Banks Face Legal Action for Selling Loss-Making Funds
Investors are reportedly preparing for a suit against banks which sold them loss-making funds from Lime Asset Management without properly disclosing the risks.
January 9, 2020 -
1.6KEnforcement
Korea: Lime Asset Faces Legal Action for Concealing Hedge Fund Losses
Lime Asset Management suspended redemptions in three funds in October. One of them had 240bn won invested with New York-based IIG, which has since been charged with securities fraud.
January 6, 2020
