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[Alpha Biz=(Chicago) Reporter Kim Jisun] Financial supervisory authorities are expected to sanction securities firms that sold the changed fund risk ratings without accurately informing ordinary investors.
According to the financial investment industry on the 20th, the Financial Supervisory Service has recently completed an occasional inspection of 18 securities firms 'to classify fund risk ratings and check the appropriateness of sales work' and will impose sanctions on illegal securities firms. The timing of the sanctions is aimed at the end of this year. This is the first time that inspections and sanctions have been imposed on related securities firms. Banks that sell funds with securities firms began imposing sanctions last year.
The standard of the inspection is that when the asset management company changed the fund's risk rating, the securities firm, which is the seller, sold it to customers without timely reflecting it. In a related development, the FSS looked into whether securities firms violated their adequacy, suitability and duty to explain under the Financial Consumer Protection Act and the Capital Markets Act.
In the future, the FSS's process of imposing sanctions will proceed with △ notification of inspection opinion △ notification of preliminary sanctions on its own decision △ notification of sanctions after the final decision through the opening of the Financial Services Commission and the Sanctions Review Committee.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
