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Shinhan Bank Under Investigation by Financial Supervisory Service Over Proxy Signing in Investment Products

Business / Kim SangJin / 07/17/2024 02:57 AM

(Photo = Shinhan bank)

 

[Alpha Biz= Reporter Kim Sangjin] Shinhan Bank Investigated for Alleged Forgery of Customer Signatures in Overseas Real Estate Fund Enrollment

According to financial sources on the 16th, investor Mr. A, who invested in Shinhan Bank's overseas real estate fund, claims that a bank employee forged their signature on the fund contract. Mr. A, who had no prior investment experience, stated that a bank employee filled out sections such as "Do you have more than 3 years of investment experience?" on their behalf, alleging forgery. Mr. A joined a 5 billion-won overseas real estate fund at Shinhan Bank's asset management center in 2017.

In response, the Financial Supervisory Service (FSS) has initiated an investigation, demanding clarification from Shinhan Bank. An FSS official stated that if the bank fails to provide a proper explanation, it would constitute misconduct, outlining inspection plans.

A Shinhan Bank official commented, "We have faithfully investigated the complaint received through the FSS and will follow the procedures based on the FSS investigation results. We will do our utmost to protect the customer's assets."

 

 

 

AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)

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