South Korea to introduce new fund sales rules

South Korea to introduce new fund sales rules September 28th, 2008 SEOUL, Sept 28 (Reuters) - South Korea will allow mutualsavings firms and online-based companies to sell investmentfunds from next February, and draw up measures to cut salesfees for long-term investors, a regulator said on Sunday. The Financial Services Commission (FSC) said in a statementthat it will also tighten investor protection rules for fundsellers to teach customers risks from an investment, as well asits commissio
Posted under Futures Trading Systems by Content Keyword RSS on Sunday 28 September 2008 at 1:37 am

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