SK Securities will be inspected by the Financial Supervisory Service next week

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hoondork1977@alphabiz.co.kr | 2023-07-07 06:31:22

 

 

[Alpha Biz=(Chicago) Reporter Paul Lee] SK Securities is nervous ahead of the Financial Supervisory Service's inspection next week.

Hana Securities Co., Kyobo Securities Co. and KB Securities Co. have completed the FSS inspection, while Korea Investment & Securities Co. and Eugene Investment & Securities Co. are reportedly in progress, with some of the companies pointing out.

According to related industries on the 6th, SK Securities paid a settlement for losses in the valuation of investment assets and delayed redemption to corporations and individual investors who joined its bond-type trust last month. The settlement amount is equivalent to the valuation loss generated from trust assets, totaling 10 billion won.

Earlier, SK Securities invested and operated customer funds that flowed into short-term products such as Money Market Lab (MMW) and bond-type trusts in long-term bonds, resulting in losses.

Some pointed out that it was loss preservation that SK Securities gave settlement money to customers. According to Article 55 of the Capital Markets and Financial Investment Business Act, financial investment companies should not compensate for customers' losses unless there are justifiable reasons.

SK Securities acknowledged the company's mistake and insisted that it was an agreement, not a loss preservation.

 


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