[Alpha Biz=(Chicago) Reporter Kim Jisun] Financial authorities are expected to impose heavy penalties on CEOs of vendors in connection with the incomplete sales of private equity funds such as Lime and Optimus.

On the 23rd, the Financial Services Commission will hold a subcommittee meeting to discuss sanctions against Park Jung-rim, CEO of KB Securities, Yang Hong-seok, vice chairman of Daishin Securities, and Chung Young-chae, president of NH Investment & Securities.

Regarding the so-called Lime Fund scandal, the Financial Supervisory Service decided in November 2020 to impose sanctions on CEO Park Jung-rim and Vice Chairman Yang Hong-seok, respectively, for violating their obligation to come up with internal control standards.

In March 2021, he also decided to punish CEO Chung Young-chae for violating his obligation to prepare internal control standards related to the sale of Optimus funds.

 

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