Investment advisors, fees, mandatory information disclosure

[Korea Jeongseon financial newspaper reporters - who must disclose such investment advisory website for a price that works on commission income or sales volume received from the product development and sales company in the future.

Financial Services Commission said that two days notice from the coming six days 'investment advisory best practices' that contains such information until the 25th.

The best practices will standardize the independent investment advisors (IFA), a one-stop advisory and consulting services, including platform obligations of investment advisors in circumstances that are newly introduced standards and practices, work processes.

General non-independent investment advisors (FA), but can receive compensation from the sale of financial products manufacturers, sales for the full-scale financial products, is prohibited by receiving a return linked directly or indirectly to the scale of individual product sales.

Independent investment advisors (IFA) should not use a single platform for consultation to ensure their independence.

As a result he received financial advice to investors who purchase the goods without the vendor supports the principle of conformity with the obligations described in the product.

When you include banks, brokerages gyeomyoung sales and advice must distinguish between internal business processes. Let them know a separate investment advisory and sales activities are separated from the investor shall confirm the intention. Also clarifies the fees and investment advisory fees based on sales, and notify the investors.

In the case of online consultation should be published so that you can easily recognize whether the IFA, including the extent and provide advice on the website. Live chat, call centers, video chat has mandated two-way communication channel operations.

Financial investment advisory committee held three days coming and best practices sessions, and as soon as the Decree of the Financial Investment Services and Capital Markets Act will be passed enforce best practices.

Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Last year the number of unfair transactions surged 36.2% 177 Articles ... Use half undisclosed information

[Korea goyounghun financial newspaper reporter] unfair transactions last year, the number of notified cases increased by 130 177 cases a year compared to 36.2%.

1 According to the Korea Stock Exchange Market Surveillance Committee charges are unfair trade 2016 type is used undisclosed information (88 cases, 49.7%), quotes Controls (57 cases, 32.2%), illegal trade (22 cases, 12.4%), reports breach (5 cases, 2.8%), other (5 cases, 2.8 percent) of the share.

Exchange fluctuations and the management right side last year, has greatly increased use of undisclosed information activities (83.3% YoY), and capitalize on China-related themes also it said increased to one trillion kinds of price significantly. Listed company insider involved, including the largest shareholder (13), the Chinese theme, the new business-related use of false, exaggerated sex-disclosure reported cases (22 cases) were also on the rise.

KOSDAQ (107 cases, 62.2%). By market securities (47 cases, 27.3%), derivatives (12 cases, 7.0%), Conex (6 cases, 3.5%) were in order. 142 cases of alleged events notified 53 cases were unheard of (37.3%) were exposed in the past 16 unfair trade cases were subject to unfair competition repeat at least three times.

Unfair trade stocks scale By small caps 84 companies (59.2%), mid caps 32 companies (22.5%), caps 13, four (9.2%) Price regulation of the companies have been very Sector compared to 19 times or more difference to the small caps are unfair It was the main target.

Type scale undisclosed charges listed shares 49.3 million shares, 33.4 million shares fraudulent transactions, quotes one trillion kinds were 19.6 million shares net.

Alleged unfair trade last year, the main event was characterized by the largest shareholder involvement, change management control, etc. temaju events. Involved mainly by suspected this (54 cases, 35.1%), the largest shareholder or its related parties showed most, quotes, fraudulent transactions involving cases for undisclosed information available, stake expensive disposal, etc. of the access to information easier was the number .

Frequent change is the largest shareholder, despite the high probability of future act as negative factors, investors were often recognized as a short-term boon. China to attract funding and business expansion in China, including 40 cases, or positives gender information was also discovered using undisclosed information and quotes using one trillion kinds of events.

Exchange Market Surveillance Committee investors are the main features of unfair trade caused stocks have urged caution about stocks that appear to overlap enemies.

Capital stock price percentage change in the number of shares traded small caps of less than 100 billion and more than 200% in volume regulation, or operating loss, net loss incurred businesses should be especially careful. In addition to the frequent need careful management control fluctuations or even businesses that corresponds to the limit now, less than a 10% stake in the largest shareholder, total liabilities more than 10 billion won needed funding.

Exchange Market Surveillance Division psychological part namseungmin leader explained, "it has conducted an intensive monitoring for such stocks surged more than reinforce preventive measures, including monitoring of the high probability event occurs unfair trade, and political temaju".



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Two cacao trees Securities map service reform to provide investment information

[Korea financial newspaper goyounghun News] online investment advisory product platform cacao Securities map discretionary Two trees in investment to operate (MAP) is that disclosure in greater detail the investment advisor and investment strategy, information and carry out service screen restructuring, increase the user-friendliness through which 27 She said one.

Cacao Securities map Two trees discretionary investment is a new concept of mobile investment advisory product platform service launched first in Korea, my stock account is entrusted online investment that is invested automatically in accordance with the Portfolio's investment advisor investor selected from among investment advisors in the country's leading the services. Since October last year, officially opened the overhaul is the first time.

The most significant change is that providing enhanced information. Information and representatives advisors interviewed for investment advisors, and market comments, etc., as well as the customer described investment strategy Investment Advisory portfolio to real investment, various investment indicators, which lets you see at a glance the operating style, etc. Meanwhile, rescue difficult investment advisor transparent and disclose information about the number of contacts that can be expanded greatly the communication with investors.

In addition, through the Home screen restructuring was arranged to help you easily determine the best strategy is the recent performance, new and 'Map Investors' corner where you can get useful information through an investment strategy of the Investment Advisory neighbor to the cacao Securities map was established . The minimum investment amount is the amount ETF 50 million yuan, and shares from 500 million yuan, investment strategy, specific minimum investment is different.

Cacao map, current securities investment advisory Hangaram, KP child (KPI) investment advisory, asset management, such as Samsung's strategy 16 11 This has gotta public investment advisor. Per capita investment in securities cacao map Up Customer is 9.49 million won, less than 5 million won investment ratio also accounted for 47% of the total.

Ohjaemin two trees discretionary investment representative "cacao Securities map It is difficult equity investment, yes product for investors being reluctant to have to invest in the fund," said "funds and other investment advisors are limitations on the investment less the direct investments of individuals and similar products, "he said.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Short-term financial transaction information, "Daily" FSC, should be reported to the Bank of Korea (BOK)

[Korea hyerin nine financial newspaper News] Depository or the future financial agents, etc. should be a daily, short-term financial transactions and deal with the Company's financial information for each business Financial Services Commission reported to the Bank of Korea. The report accepts that transaction information is reported on a monthly basis on a daily basis in order to systematically monitor the anomalies in the markets.

Finance Committee that 27 days notice comes from the 'legal enactments on the money market' of such information until April 10th Legislative said Thursday. Short-term financial transactions are financial transactions that expire within one year of issuance and sale of call transactions, repurchase trading (RP), certificates of deposit (CD), commercial paper securities (CP), Electronic short-term bonds (without shear).

FSC is "systematic discipline is lacking situation reflects the characteristics of money market 'saying,' short-term trading information from financial markets're being reported to the financial authorities on a monthly basis, to check the risk of the market on a daily basis and the corresponding limits there 'said the notice promoting legislative background.

This financial crisis was the intermediary depository institutions, and deal a daily, short-term financial transactions of financial institutions to report to the Financial Information above the Bank of Korea every business day. It is one of the short-term financial transactions if limited to a finance company or the like, the parties to the short-term financial transactions, there is no obligation to report if the country and the Bank of Korea.

Call transaction information, money brokerage companies, while off-RP · CD · CP · Print this Depository transaction information, transaction information intestinal RP should report the exchange. However, short-term financial transactions, financial brokerage company is not a securities depository Depository on or not via intermediaries has ever direct reports and other financial companies.

In addition, the bill is a short-term financial transactions related agencies to disclose to refine the type of interest rate and transaction information is also provided. Short-term interest rates and financial market trading information, including but some are also published today, market participants sufficient information is not being disclosed hagieneun used. In addition, some details are different circumstances that information is disclosed to each other.

This financial crisis is the over-the-counter RP · CD · CP · Print without involvement Depository two, intestinal RP related to the exchange that, while CD · CP · Shear call rates are KOFIA is, koribo, junior nose fix respectively Bankers Association It has to disclose to the Internet. Disclosure information will be disclosed by segment, depending on the shape of each transaction type for each credit rating, interest rate, transaction type, of the other, maturity and the opinions of market participants. Call your transactions and call rate, but are published by the Bank of Korea, was required to disclose information to the Bank of Korea.

Indicators for the credibility of the rates specified in the "index managed interest rates, and advice was also released and regulations. Advantage 'managed index rate "means financial transactions above a certain level in the (contract) or is an indicator that interest rate worries undermine the smooth financial transactions of economic entities calculated on break. The FSC checks this indicator to specify the rate to managed and negotiated the adequacy and reliability of the interest rate calculated based on methods and procedures, and the Bank of Korea. Specified interest rate index will also calculate and disclose management agency to manage the overall management of interest rate target indicators.

If you have two indicators calculated on the managed interest rates difficult or inappropriate disclosure process so that there was a financial crisis to impose necessary measures such as information providers, financial companies.

FSC has said "whenever there is a problem with the widely used reliability of short-term money market interest rates in such loans, by law governing the member has administrative guidance or respond to ad hoc through regular supervision events ',' short-term financial markets It announced that it would promote legislation to improve the effectiveness and reliability.

Before collecting the financial crisis, which had been raised in the opinion of two short-term financial market legislation Direction Seminar "held on May 9.

After the legislative notice period of 40 days after the regulatory and legal examination and loans from April to June and the Cabinet plans to submit a bill to the National Assembly in June.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Kiwoom, until the end of March the US equity open information events

It said [Korea hyerin nine financial newspaper reporter] Kiwoom (CEO gwonyongwon) on March 31 to enforce that "new information the US equity open 'event 24th.

Kiwoom the last two days of the US stock investment information service open has upgraded the quality of the US stock investment information by providing expansion of new content, including traditional and are differentiated US Equity News, published, economic indicators, research reports, events analysis.

Geumbeon one event commemorating the US equity open new information goes to a total of two. First, the first US equity trading events' is presented the vouchers to the first two manwongwon trade customers within the United States shares the duration of the event to target 300 people first come, first served basis. Second, the US stock investment information sharing event "but as a share Kiwoom Securities USA Inc. Investor Relations website address on their blog or SNS if the lottery every week presents a Starbucks Gifticon 20 people.

Kiwoom Hoon Global Sales Team has held a variety of events in order to actively support the 'upgraded US stocks investment information content provider is the customer who was hesitant to US equity investments have to be a golden opportunity' saying, 'new US equity investors it was' he said.

US stocks through a possible sale price youngungmun W, youngungmun SN App and this event is Kiwoom website, HTS others it is possible to simply apply through the youngungmun SN App.

For more information about the event is referring to Kiwoom website or check with your Kiwoom financial center.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com