11 Mar South Korean bankers misrepresented risky China-linked notes to retirees, financial watchdog says
Posted at 04:18h
in Asia
South Korea’s financial watchdog said it found a range of instances where some of the country’s largest brokers misrepresented risky China-linked structured products to retail investors, many of whom are retirees.An investigation into five banks and six brokerages uncovered poor regulatory compliance and systematic failures...