 |
Photo=Mirae Asset Securities |
[Alpha Biz= Paul Lee] Seoul, South Korea — July 28, 2025 — Mirae Asset Securities Vietnam, the Vietnamese subsidiary of Mirae Asset Securities, has been fined VND 137.5 million (approx. KRW 7.26 million) by the State Securities Commission of Vietnam (SSC) for failing to process a client’s trade orders in a timely manner.
According to local media reports, the SSC announced on July 26 that between December 2020 and May 2025, the firm repeatedly received a client’s stock trade instructions through intermediaries by phone but entered them into its trading system only after the close of the trading day, rather than processing them in real time. The regulator classified the violation as a repeated administrative offense and imposed an administrative fine.
This is not the first regulatory sanction against Mirae Asset Securities Vietnam. In July 2024, the firm was fined VND 85 million (approx. KRW 4.48 million) for failing to provide required disclosures to the Hanoi Stock Exchange. In September 2023, it received a penalty exceeding VND 110 million (approx. KRW 5.8 million) for improperly executing a client’s delegated trade, which resulted in the mistaken purchase of 130,000 shares of LCG stock in the client’s account.
Established in 2007, Mirae Asset Securities Vietnam is a key subsidiary of the Mirae Asset Financial Group, offering a wide range of services including brokerage, investment advisory, asset management, and investment banking (IB). The firm has charter capital exceeding VND 6.59 trillion (approx. KRW 348 billion).
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
