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[Alpha Biz=(Chicago) Reporter Kim Jisun] The Financial Supervisory Service will begin inspecting Mirae Asset Securities Co. and NH Securities Co. on the 16th to "roll back bonds," a practice in the securities industry.
According to the financial sector on the 14th, the Financial Supervisory Service will conduct an on-site inspection of Mirae Asset and NH Investment & Securities after the suspension of inspections in late July and early August to check the operation of bond-type wrap account and specific money trust (trust), which are entrusting asset management products.
The FSS will focus on unhealthy business activities such as bicycle trading and parking transactions, which are considered bond market practices.
Bicycle trading is a transaction in which the same operator buys the other when one side sells the fund using two or more internal accounts.
Parking transaction refers to a transaction in which a fund manager directly buys or sells to another place without recording it directly in the book.
The Financial Supervisory Service earlier conducted an inspection on KB Securities and Hana Securities in May after a massive request for redemption late last year raised allegations that some securities firms made up for customers' losses.
The Financial Supervisory Service believes securities firms are trying to block bonds.
According to the Financial Supervisory Service, some securities firms sold their unique assets at high prices to compensate for the loss of valuation on their customers' assets.
In addition, the company has transferred the loss of customers whose maturity has reached to other customers for linkage and replacement transactions between customer accounts to prepare for redemption.
In addition, the FSS will start inspecting Meritz Securities from the 16th to check the operation of convertible bonds (CB) and bonds with warrant (BW).
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
