Samsung Securities to compensate all shareholders on ‘fat finger’ fiasco
- 6 years ago
Dealing with the fallout from its dividend payout fiasco,... Samsung Securities says it will compensate all shareholders who traded on the day of the mishap for their financial losses.
According to the local brokerage firm,... they will set the compensation at 39-thousand-800 won (about 37 U.S. dollars),... the stock's highest price on April 6th.
The compensation package is being extended to all investors who held the company's shares before 9:35AM,... and sold the stocks on the day.
The firm added that trading fees and taxes will be included in the compensation.
According to the local brokerage firm,... they will set the compensation at 39-thousand-800 won (about 37 U.S. dollars),... the stock's highest price on April 6th.
The compensation package is being extended to all investors who held the company's shares before 9:35AM,... and sold the stocks on the day.
The firm added that trading fees and taxes will be included in the compensation.