All posts tagged "KB Securities"
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295EnforcementKorea FSS Punishes 3 Brokerages Over Lime Asset Mis-selling
Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.
November 16, 2021 -
148EnforcementKorea: 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 -
149KoreaBOK Seeks Monetary Policy Normalisation This Year
The central bank is considering a possible increase in its policy rate and a normalisation of monetary policy this year.
June 17, 2021 -
258EnforcementFSS Korea Orders Woori, IBK to Compensate Lime Investors
The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.
February 25, 2021 -
240Enforcement
Korea FSS to Order Banks to Compensate Lime Fund Investors
Woori Bank, Busan Bank and Industrial Bank of Korea have reportedly agreed to pay restitution to investors based on estimated damages.
January 26, 2021 -
459Enforcement
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 -
782Enforcement
Korea FSS Seeks to Suspend Former Brokerage CEOs Over Lime Mis-selling
The FSS has decided to order the suspension of the former CEOs of Shinhan Investment, Daishin Securities and KB Securities over the mis-selling of Lime Asset Management funds.
November 13, 2020 -
1.6KEnforcement
Korean Prosecutors Raid Brokerage Firms Over Lime Asset Mis-selling
Investigators from Seoul’s prosecution office raided the headquarters of Shinhan Investment Corp, Korea Investment & Securities, and KB Securities last week.
November 3, 2020 -
961Enforcement
Korean Regulators to Revoke Lime Asset Management Licence
Subject to FSC approval, the FSS will revoke Lime's business registration and order the company to dismiss its CEO, who was arrested in July.
October 21, 2020 -
715Enforcement
Korea 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
