Tag: sanctions review

sanctions review

Latest News

Lime scandal yields underwhelming penalties for brokerages

Punishments for brokerages that pushed a Ponzi scheme on unsuspecting investors are to be relatively light, with the FSS targeting mainly retired executives and ordering selective and limited closings and unspecified fines in the Lime scandal.

2020.11.11

Executives from Shinhan Investment wait in line to participate in the sanctions review against sellers of Lime funds, Thursday, at the FSS office lobby in Yeouido, western Seoul. [YONHAP]

Brokerages on the brink, FSS punts on Lime punishment

After eight hours of negotiations running into the evening Thursday, the Financial Supervisory Service (FSS) decided to kick the can down the road on deciding punishments for brokerages that sold junk products to unsuspecting investors.

2020.10.30

Tag: sanctions review

sanctions review

Latest News

Lime scandal yields underwhelming penalties for brokerages

Brokerages on the brink, FSS punts on Lime punishment

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