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The Financial Services Commission imposed heavy penalties on Daegu Bank ... Suspension of opening a securities account for three months

Business / Paul Lee / 04/18/2024 02:15 AM

View of Daegu Bank main branch. (Photo=Daegu Bank)

 

[Alpha Biz= Reporter Paul Lee] The Financial Services Commission imposed heavy penalties on Daegu Bank for arbitrarily opening a deposit-linked securities account.


The Financial Services Commission held a regular meeting on the 17th and decided to suspend the opening of a deposit-linked securities account for three months and impose fines of 2 billion won on Daegu Bank. For the 177 employees of the branch who participated in the opening of the account, the salary reduction was three months, reprimand, and caution were also given. Executives, including the bank president, were not included in the list.

The Financial Supervisory Service confirmed in July last year that 111 employees of Daegu Bank's 56 branches arbitrarily opened 1,547 deposit-linked securities accounts without customer consent or name.

 

 

 

AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)

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