By Kao Shih-ching / Staff reporterA new fund management service proposed by Jko Asset Management Co (街口投信), a unit of Jko Fintech Co (街口金融科技) and its business partners, could not guarantee customers a fixed return, the Financial Supervisory Commission (FSC) said yesterday. Jko Fintech’s electronic payment service, Jkos Pay (街口支付), earlier this month posted advertisements that said consumers would earn returns of at least 1.5 percent if they purchased funds managed by Jko Asset Management by using Jkos Pay. Jko Asset Management told the Taipei Times that it would delay the launch, scheduled for Monday next week, and would release more details today. In a filing with the Taiwan Stock Exchange, it said chairman Kao Wu-chung (高武忠) had been dismissed and that Jko Fintech chairman Kevin Hu (胡亦嘉) would serve as acting chairman of the asset management company. Jko Fintech was formerly known as Jkos Network Co.

Source: Taipei Times January 08, 2020 15:33 UTC