1. The plaintiffs' appeals against the defendants are all dismissed.

2. The costs of appeal are assessed against the Plaintiffs.

With respect to this case, this court's use is identical to the entry of the reasoning of the judgment of the first instance except for the dismissal or deletion of the corresponding parts as follows. Thus, this Court cites it as it is in accordance with the main sentence of Article 420 of the Civil Procedure Act.

Among the reasons for the judgment of the first instance court, each of the "Defendant Korea Investment Securities Co., Ltd." is "Co-Defendant Korea Investment Securities Co., Ltd.", and each of "Defendant Korea Investment Securities Co-Defendant of the first instance trial" is "Korea Investment Securities Co-Defendant of the first instance trial".

Part 3, part 14 and 15 of the judgment of the first instance court (hereinafter referred to as “Defendant Distribution Company”) shall be deleted.

Part 3 of the decision of the first instance court was 16th "the rest of the plaintiffs except the plaintiff 4O and Y are investors who purchased beneficiary certificates from the defendant us bank.

Y After the death of May 1, 2009, PlaintiffO solely inherited the right to the above Y’s beneficiary certificates through an inheritance agreement division as of September 26, 201.

"Along with the first instance court's decision, each "Defendant Distribution Company" in the first instance court's 10th, 14, 19, 15th, 4, 8th, 10 through 12th, 30th, 11th, 31th, 10, 12th, 32th, 14, 19, 20th, 33th 9, and 13th 13th 10th 10th 16th 16th 16th 16th 16th 1st 16th 1st 2nd 10th 29th 10th 29th 29th 10th 29th 29th 29th 30th 10th 1st 10th 30th 1st 10th 1st 10th 1st 10th 1st 208th 2nd 30th 1st 1st 30.