Board of Audit and Inspection Launches Inspection Into ‘Mis-Selling’ Amid Single-Stock Leverage ETF Craze

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The Board of Audit and Inspection launched an audit as sales of high-risk financial products, such as leveraged exchange-traded funds (ETFs), surged. The Board decided to examine whether financial companies are engaging in mis-selling of high-risk financial products, whether the Financial Services Commission and the Financial Supervisory Service are properly supervising financial companies, and whether lending interest rates charged by securitie…