Watchdog launches probe into Mirae Asset Securities over SpaceX IPO allocation debacle
3 Articles
3 Articles
Police Launch Pre-indictment Investigation into Korea Investment Management Over SpaceX IPO ETF Advertising Controversy. The police have launched a pre-indictment investigation into allegations that Korea Investment Management committed fraud by advertising that the allocation of SpaceX IPO shares in its exchange-traded fund (ETF) was confirmed. On the 22nd, the Yeongdeungpo Police Station in Seoul [investigated] on charges of fraud.
Watchdog launches probe into Mirae Asset Securities over SpaceX IPO allocation debacle
The fallout from the SpaceX “zero shares” fiasco has prompted authorities to investigate Mirae Asset Securities and several other investment management firms. This comes after a Korean allocation of 2.31 million shares was withdrawn without explanation June 12, just hours before the Elon Musk-led company’s blockbuster initial public offering (IPO). Financial Supervisory Service (FSS) Gov. Lee Chan-jin said Monday that authorities are reviewing b…
[Digital Daily Reporter Kang Ki-hoon] The police have launched an internal investigation into Korea Investment Management. This comes after some individual investors came forward alleging fraud regarding the company’s promotion of a SpaceX-related ETF, claiming that it would be "included on the same day at the offering price." According to the financial investment industry on the 22nd, the Yeongdeungpo Police Station in Seoul launched an intern…
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