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[Apha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities Co. and KB Securities Co. were fined some 1.2 billion won each by financial authorities for violating their obligation to submit securities reports.
According to the financial sector on the 26th, the Securities and Futures Commission of the Financial Services Commission decided to impose fines of 1.223 billion won each on NH Investment & Securities and KB Securities for violating the Capital Market Act at the 12th meeting.
NH Investment & Securities recommended the acquisition of 24 derivative-linked securities (DLS) from August 2018 to November 2019 through KB Securities, the issuer of derivative-linked securities.
Through this, 953 investors were recruited for DLS worth 477 billion won, but they were caught by financial authorities after failing to submit securities reports three times.
KB Securities was pointed out that NH Investment & Securities recruited investors by recommending acquisition subscriptions for 24 DLSs that could not be recruited because they did not submit securities reports.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
