All posts tagged "KB Securities"
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167EnforcementFSS 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 -
170Enforcement
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 -
336EnforcementSeoul 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 -
729EnforcementKorea 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 -
1.1KEnforcement
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 -
805Enforcement
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 -
658Enforcement
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 -
461EnforcementSeoul Court Sentences Ex-Shinhan Exec to Eight Years’ Jail
The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.
September 30, 2020 -
1.5KKoreaKorea: FSS to Probe Frozen Notes Linked to Singapore, Hong Kong
The FSS reportedly wants to determine why redemptions in some structured notes linked to Singapore trading firms have been frozen.
August 10, 2020 -
564Enforcement
Korea: Banks, Brokers Agree Plan to Recover Lime Asset Losses
Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.
June 11, 2020
