[Alpha Biz=(Chicago) Reporter Kim Jisun] It has been confirmed that the Fair Trade Commission, which is investigating allegations of loan interest rates and commission collusion in the securities industry, has launched an on-site investigation into Kyobo Securities, Daishin Securities and Shinhan Investment & Securities.

According to the industry on the 3rd, the FTC sent investigators to multiple securities firms, including Kyobo Securities, Daishin Securities and Shinhan Investment & Securities, to conduct an on-site investigation into the collusion.

The FTC is said to be looking into the securities industry as a whole, including whether securities firms colluded in stock trading fees.

The FTC earlier conducted a survey of KB Securities, Meritz Securities, Samsung Securities, NH Investment & Securities, Kiwoom Securities, Korea Financial Investment Association and Mirae Asset Securities late last month. The scope of the investigation is being expanded to all securities firms that have yet to be investigated through further investigation.

Through the investigation, the FTC is said to look into whether securities firms have engaged in unfair joint acts under the Fair Trade Act by colluding interest rates on credit loans and securities transaction fees.

 

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