[Alpha Biz=(Chicago) Reporter Kim Jisun] The Financial Services Commission has imposed heavy penalties on CEOs of vendors in connection with the incomplete sales of private equity funds such as Lime and Optimus.

 

The Financial Services Commission said at its 21st regular meeting on the 29th that it has approved measures to violate the governance law of seven related financial firms, including Lime Fund. Specifically, in connection with the Lime Fund scandal, three-month sanctions were imposed on Park Jung-rim, CEO of KB Securities, who provided leverage funds to the fund, along with a violation of his obligation to come up with internal control standards. 

 

Yang Hong-seok, vice chairman of Daishin Securities, was issued a "caution warning." The Financial Services Commission also finalized sanctions against the Financial Supervisory Service, which decided to punish NH Investment & Securities CEO Chung Young-chae, citing violation of his obligation to set internal control standards for Optimus fund sales.

 

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