The latest fines come a month after the regulator fined local banks over the improper sales case on HSCEI-linked ELS.
The South Korean Financial Supervisory Service has imposed a total of KRW3.01 billion (US$2.06m) in fines on five domestic securities houses as part of its latest regulatory moves following the investigation into the mis-selling saga of equity-linked securities (ELS) tracking the Hang Seng China Enterprises Index since 2024 . The largest fine, KRW1.68 billion, was imposed on KB Securities after the house violated obligations to record the sales process and to prohibit unsound business practices