[Securities Firms’ Homeplus Commercial Paper] How Far Does the Risk Disclosure Go… Mis-Selling Under Scrutiny

The Financial Supervisory Service is preparing sanctions review for Shinyoung Securities and Hana Securities over alleged mis-selling of Homeplus ABSTBs.

At issue is whether the brokers sold the asset-backed short-term notes while knowing the risks, and whether they properly explained them to investors.

Investors have filed a class action, while the securities firms say they could not have known Homeplus would soon file for corporate rehabilitation.

The final penalty decision could determine the scope of broker liability and whether investors can receive compensation.