Securities Firms' Stock Information Service Fees Reach 67.1 Billion Won… FSS to "Strengthen Guidance"
4 Articles
4 Articles
The practice of securities firms allowing customers to try stock information services, such as stock recommendations or supply and demand analysis, for free and then converting them to paid services without their explicit consent is prohibited. Service fees, which were previously difficult for investors to identify as they were included in trading commissions, must also be clearly categorized and communicated by stage before and after subscripti…
(Seoul = Yonhap News) Reporter Kang Ryu-na = Notices regarding usage fees for securities firms' 'stock information provision services' will be strengthened, and the automatic conversion of free events to paid services will end.
Investors trading stocks or other securities through brokerage firms need to check whether they are subscribed to a stock recommendation service. While brokerage firms collect approximately 150 billion won in annual fees from customers who subscribe to ‘stock information provision services,’ it has been confirmed that most investors are unaware that the service is paid.
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