14-05-2025
Taiwan Regulator Probes Firms for Pressuring Staff to Sell ETFs
Taiwan's financial regulator is probing 20 financial institutions over how they pushed staff to sell exchange-traded fund products, the latest sign of excessive competition in one of Asia's biggest ETF markets.
The Financial Supervisory Commission will probe ten brokerages, nine asset managers and a bank for allegedly pressuring staff to meet sales quotas for newly launched ETFs, said Huang Hou-ming, deputy director-general of the FSC's Securities and Futures Bureau. The regulator received complaint letters from employees across the firms, he said.
