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[Alpha Biz=(Chicago) Reporter Kim Jisun] The Financial Supervisory Service has expanded on-site inspections to NH Investment &ㅁ Securities following Mirae Asset Securities over the alleged preferential redemption of Lime Asset Management Fund.
According to the financial investment industry on the 30th, the Financial Supervisory Service has confirmed that it will conduct additional inspections of NH Investment & Securities in the name of preferential redemption of the National Agricultural Cooperative Federation.
The Financial Supervisory Service said earlier on the 24th that additional inspections of three major fund managers, including Lime, Optimus and Discovery Asset Management, found that preferential redemptions were made to some investors just before the suspension of the redemption of the Lime Fund in October 2019.
The Financial Supervisory Service explained that Lime repurchased four of the 63 open funds (funds that can be repurchased before maturity) that were subject to investigation by illegally supporting other fund funds or unique funds.
According to the FSS survey, the National Agricultural Cooperative Federation bought back the Lime Fund worth 20 billion won in September 2019, just before the Lime crisis. The "Lime Crisis," in which investors suffered damage worth 1 trillion won due to the suspension of the redemption of the Lime Fund, broke out a month later in October 2019.
The National Agricultural Cooperative Federation explained, "We applied for redemption in accordance with internal regulations as the fund's loss exceeded 15% in 2019."
The Financial Supervisory Service is expanding the scope of the inspection not only to operators but also to vendors over allegations of preferential redemption. The Financial Supervisory Service is also conducting an on-site inspection of Mirae Asset Securities, which repurchased 16 fund investors of Lime Martini No. 4.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
