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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] On August 15, the Financial Supervisory Service (FSS) has extended its investigation into alleged favoritism in the trading of Exchange-Traded Funds (ETFs) to include brokerage firms, following an initial focus on asset management companies.
According to investment industry sources, the FSS recently began a written investigation into Mirae Asset Securities over these allegations. This move follows concerns raised in the political arena about banks and securities firms prioritizing and pushing ETFs from their affiliated asset management companies.
The FSS also initiated written investigations on August 13 for Mirae Asset Asset Management, KB Asset Management, Korea Investment Trust Management, and Samsung Asset Management.
Currently, Mirae Asset Securities is the only brokerage firm known to have received a data request from the FSS. However, it is anticipated that the FSS will request data from other securities firms in due course.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
