Cryptopolitan· Hannah Collymore·· 4 hours agoAI score66
FSS chief in South Korea admits to expediting approval of single-stock leveraged ETFs and apologizes
Korea’s FSS chief apologizes for leveraged ETFs as “bring money home” plan backfires
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Lee Chan-jin, head of the Financial Supervisory Service (FSS) in South Korea, admitted that the regulator completed its review of single-stock leveraged ETFs before the exchange completed its preliminary review in order to meet the May 27 listing date. A total of 16 funds were listed that day, targeting 2x the daily price movements of Samsung Electronics or SK Hynix shares.
Source:Cryptopolitan · cryptopolitan.com