Seeking Alpha

South Korea gives Deutsche Bank's (DB) Seoul branch a slap on the wrist for "systematically...

South Korea gives Deutsche Bank's (DB) Seoul branch a slap on the wrist for "systematically violating" the country's capital market laws. In what "amounts to a first strike" for the Korean unit, the Financial Supervisory Service issued an "institutional warning" citing Deutsche Securities Korea's alleged role as an unlicensed intermediary for foreign debt issuance. Companies are allowed three such warnings before the government can "order a partial or full business suspension," WSJ notes.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs