inspection to the SEC Office and the auditor within thirty days. In cases where the Audit Committee fails to comply, the auditor shall report the matter to the SEC Office. The suspicious circumstances that
intermediary during the same suspension period. The SEC's inspection of these cases was proceeded with KBANK's cooperation. Since the incidents, KBANK has specified that only approved investment consultants are
institutional and high net worth investors and an offering to a limited number of specific investors are more relaxed than those governing a general public offering.? However, recently there have been some cases
account owner's knowledge to prevent potential damage. Recently, the SEC has punished offenders who caused damage to investors in several cases. In any event that an investor truly wishes to have a person
’ meeting and other related documents may be sent electronically.At the same time, SEC is setting out a clear guideline for determining in which cases asset management companies may seek an approval from
admitted that the client allowed him to sell the securities in cases of making profit or potential loss. From his conversation with the client recorded, he traded securities for the client several times a
offenders and informed the proceedings of both cases to relevant agencies for further consideration of enforcement under relevant laws.The SEC strongly urges investors to exercise discretion especially with
of product. Completion of suitability test will be exempted in cases of (1) sale of non-complex product to institutional investor, (2) sale of complex product to institutional investor or sale of any
and deliberation as a professional, and {B}'s was a failure to perform duties or provide services honestly. Both cases were in contravention of the Notification of the Capital Market Supervisory Board