Regarding the 'suspicion of loss compensation', SK Securities said, "It was agreed upon as an exception... it is not loss compensation."
김지선
stockmk2020@alphabiz.co.kr | 2023-06-14 03:00:42
[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Securities refuted media reports that it compensated for losses to companies that invested in bond-type trust products.
On the 13th, the media reported that SK Securities paid about 10 billion won in losses to companies that invested in products that did not guarantee principal.
According to reports, SK Securities invested and operated customer funds flowing into short-term products such as Money Market Lab (MMW) and bond-type trusts in long-term bonds, which resulted in valuation losses.
Later in March, SK Securities paid hundreds of millions of won after a corporation that joined its bond-type trust hinted at legal action against investment asset valuation losses and delayed redemption. There are dozens of such cases, and the total amount of settlement is said to be 10 billion won.
SK Securities argued that it was an agreement that acknowledged the company's mistake, not a loss preservation.
"If there is an exceptional justifiable reason other than 'loss compensation' prohibited by the Capital Markets Act, we are allowed to compensate for the loss by means of private reconciliation," SK Securities said. "We have reached an agreement after a legal review with the law firm in advance on whether it constitutes loss compensation under the Capital Markets Act."
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