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Watchdog to probe investment firms, banks, brokerages over Lime scandal
Watchdog to probe investment firms, banks, brokerages over Lime scandal
MarketsFeb 18, 2020
Looking into a major hedge fund misselling fiasco involving Lime Asset Management, South Korea’s financial watchdog is likely to narrow its focus on three major vendors -- Shinhan Investment, Woori Bank and KEB Hana Bank -- officials said Tuesday. Shinhan Investment is facing additional allegations that it sold the disputed financial products with full awareness of their flaws. The Financial Supervisory Service is slated to kick off its first on-site investigation of the country&rsquo