Financial Supervisory Service subcommittee “Correspondence of senior compensation for 60~70% of investment loss for KB Securities Lime Fund”

The Financial Supervisory Service’s Dispute Mediation Committee (hereinafter referred to as the subcommittee) has decided that the compensation ratio for each investor (three persons) is 60-70% by applying a basic compensation ratio of 60% to the liability for damages caused by incomplete sales of KB Securities’ Lime Fund. It was revealed on the 31st.

According to the financial authorities, the Financial Supervisory Service conducted a private committee on the lime fund sold at KB Securities at 2:30 pm the previous day.

The reason that KB Securities’ sub-committee is promoted first is because it first agreed to the post settlement method. Recently, the Financial Supervisory Service decided to promptly pursue dispute settlement through a post settlement method if the seller agrees with the private equity fund whose damages have not been confirmed due to the delay in redemption.

The Financial Supervisory Service recognized KB Securities’ liability for damages in all three cases submitted to the Branch Committee.

It was judged that it was changed to an aggressive investment type after the decision to join the fund without first checking the investor propensity. He pointed out that he violated the obligation to explain the risk of TRS, which caused total losses, and conveyed that ultra-high-risk products were rather safe funds.

In particular, as a TRS provider and fund seller, he judged that he was also responsible for causing a large number of victims by neglecting investor protection efforts in the process of launching and selling products.

The damage compensation ratio was decided to compensate 60-70% for each investor.

A housewife in her 60s who does not understand the financial investment products itself was decided to compensate 70%. The compensation ratio was set at 70% for senior citizens who are reluctant to invest, saying that it is safe, and 60% for those who did not explain the TRS risk that caused total loss.

As for the calculation criteria, 30% is applied to the violation of the suitability principle and the duty of explanation of sales staff at branch offices, as in the case of existing dispute settlement, but 30% is common to the compensation ratio in consideration of the negligence of investor protection at the headquarters level and the characteristics of ultra-high risk products. Added.

In addition, for each investor, the reasons for increasing the responsibility of the seller and the reasons for self-responsibility of the investor were adjusted to calculate the final compensation ratio.

In this dispute settlement, mediation will be established if the applicant and KB Securities accept the mediation within 20 days after receiving the mediation.

In accordance with the compensation standard of the sub-joint committee, the remaining investment victims will also be self-adjusted as soon as possible with a compensation ratio of 40 to 80%. For corporations, 30% to 80% of each investor is applied differently depending on whether or not they violate the conformity principle and investment experience.

The Financial Supervisory Service said, “Although KB Securities, which is a fund seller and also provided by TRS, had to make more efforts to protect investors, it neglected this and caused a large number of victims.” The basic compensation ratio was set at a higher level than the adjustment).