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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] On August 28, it was reported that the Financial Supervisory Service (FSS) has initiated a review of the bond sales practices at SK Securities, iM Securities, and Hana Securities. This examination involves a written review of their retail bond sales and overall sales processes. This follows similar actions taken in June against Korea Investment & Securities, Eugene Investment & Securities, and DB Financial Investment.
The FSS selected these firms for inspection based on factors such as individual bond sales volume and market trends. There are plans to expand the review to include firms with a high proportion of bond sales.
Previously, some securities firms have engaged in practices where they offered personal investors the chance to participate in corporate bond demand forecasts through institutions, potentially selling bonds before regulatory approval of the securities registration statement. If firms solicited investments before receiving FSS approval for the registration statement, it could be considered a violation of the Capital Markets Act.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
