[Alpha Biz=(Chicago) Reporter Kim Jisun] It was belatedly confirmed that an employee who was in charge of related products at a commercial bank that sold the Hong Kong H Index ELS was severely punished for receiving several golf entertainment from securities firms.

An employee of a commercial bank who was in charge of determining the ELS product structure and selecting a securities company was caught.

The employee was suspended for three months in June last year for violating his obligation to maintain integrity.

Currently, the employee has been dismissed from his post.

The employee received about 15 golf entertainments from about 10 securities firms from January 2021 to June last year, the survey showed.

This was revealed during the inspection process in April last year.

In response, the commercial bank explained that the employee was in charge of the work, but he had no right to make decisions and make decisions at all.

 

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