All posts tagged "Mis-selling"
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344EnforcementFSS Reprimands Woori, Hana Chiefs for Derivatives Mis-Selling
The FSS is also recommending a 20-billion-won penalty be imposed on both banks, and for some of their operations to be suspended for six months.
January 31, 2020 -
383IndiaSEBI Proposes Stricter Rules for Investment Advisers
The rules include higher net worth requirements, caps on advice fees, and client level segregation of investment advice from product distribution.
January 20, 2020 -
525EnforcementFSS to Conclude Probe into Derivatives Mis-selling This Week
The FSS will conclude its investigation into KEB Hana and Woori Bank this week. KEB Hana and its CEO are expected to face higher penalties for 'obstructing' the investigation.
October 28, 2019 -
958EnforcementJPM, SocGen Earned $6.8mn on Money-Losing DLFs Sold in Korea
FSS data shows that JP Morgan Chase and Société Générale earned nearly $6.8mn from the high-risk derivatives products sold through KEB Hana and Woori Bank.
October 23, 2019 -
660EnforcementFSC Korea to Boost Supervisory Capacity to Prevent Mis-selling
The FSC will reportedly increase the number of banking, financial investment and asset management experts it has on staff for inspections of banks, security firms and insurers.
October 21, 2019 -
442EnforcementKEB Hana Under Added Scrutiny for Document Deletion
KEB Hana Bank is said to have deleted data related to the sale of derivative-linked funds after the FSS had already declared its intent to conduct inspections at the bank.
October 17, 2019 -
409InternationalMost Rules to Prevent Complex Product Mis-selling Already in Place
Only China, Hong Kong, Japan and Singapore are fully consistent with all nine IOSCO principles on suitability requirements for the distribution of complex financial products.
September 27, 2019 -
275IndiaSEBI Proposal Stricter Rules for Portfolio Managers
SEBI proposes a higher net worth requirement, a higher minimum investment, and standardised performance reporting for portfolio managers, among other changes.
August 6, 2019 -
577Australia & NZASIC Proposes Total Ban on Insurance Sales by Phone
ASIC's ban will protect consumers where sales issues and consumer harm have already been identified, ahead of wider legislative reform by the government.
July 22, 2019 -
1.8KChinaHong Kong, China Framework Comparison – Conduct and Culture
Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai compare China and Hong Kong's regulatory frameworks in relation to culture and conduct.
July 19, 2019
