On the 28th, the IBK Discovery Fund and related Financial Supervisory Service sanction review committee are scheduled to be held, and investors affected by the Discovery Fund urged the Financial Supervisory Service to make quick sanctions and compensation decisions.
At a rally held in front of the FSS headquarters on the morning of the 19th, the victims were responsible for the IBK and financial authorities that the redemption process was not in progress for 1 year and 9 months for the Discovery Fund sold by IBK and recently requested private settlement, but even this was rejected. Asked for a posture.
◆ Victims “What is the reason why the government-owned bank for private settlement refuses?”
In the case of other private equity funds, major securities firms preemptively proceeded with private settlement, resulting in an amicable agreement with investors.However, IBK, a state-owned bank with more than half of the stakes in the Ministry of Strategy and Finance, was confronted with the victims due to legal risks Insisted that he was not talking.
The discovery fund product that IBK concentrated on sold was incomplete or fraudulent because the fact that it was a first-class product with the highest risk among the six risk grades, and continued to sell even in a situation where there is already a concern of loss. It is their position.
“Even after the US DLI platform, which Discovery invested in, said that money could no longer be paid, the IBK sold the fund and stated that it was investing in senior bonds, and actually invested in subordinated bonds. “He argued, “Because there was an error in the material content, it is the reason for canceling the contract.”
They also mentioned that IBK is sticking to the position that it is difficult because there is an issue of negligence under the law upon request for privateization. In fact, it is known that IBK is in a realistically difficult situation (private settlement) through legal review even at the meeting with the Emergency Response Committee in recent years, and that it will faithfully engage in the FSS sanctions review and dispute settlement process.
Attorney Shin said, “I have submitted a legal opinion to the Financial Supervisory Service saying that returning principal through private settlement created under the mandate of financial investment business regulations in September last year is not a violation of the Capital Market Act.” It is a position that it is difficult because it is an organization that is similar to an enemy and a public institution.”
There was also a call from victims to the Financial Supervisory Service, which holds the arrow keys. They said that although the FSS completed inspections of the discovery fund vendors in July of last year, they demanded rapid sanctions from the FSS, saying that sanctions and compensation have been slow for half a year.
“The Financial Supervisory Service completed an inspection on the financial companies selling the Discovery Fund in July of last year, but it has not yet imposed sanctions,” said Kim Deuk-eui, executive representative of the Financial Justice Solidarity. If it loses, the Financial Supervisory Service will judge that the suspicion that it is in common with the bank is true.”
CEO Kim said, “If the Financial Supervisory Service recommends voluntary compensation for investment experience, we expect that the average compensation rate will be 40-45% because there are many companies.” He said, “You should not make a voluntary compensation decision asking fraudulent investors for their investment experience. “Please make a quick decision on sanctions and compensation.
They recently demanded private reconciliation from the IBK to resolve disputes through voluntary coordination between the parties, the basic policy of the Financial Supervisory Service, but emphasized the role theory of the Financial Supervisory Service, saying that they rejected the proposal.
Attorney Shin said, “I hope that the Financial Supervisory Service will provide active administrative guidance so that their recommendations to mediate IBK or to make private reconciliation through self-adjusted self-regulation,” he said. “If not, the Financial Supervisory Service will be liable to IBK. “I will.”
[소비자가만드는신문=김건우 기자]
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