ANTD.VN - The State Securities Commission has just issued a decision to administratively sanction Viet Tin Securities Joint Stock Company for a series of violations, with a total fine of 270 million VND.
The State Securities Commission has just issued a decision to sanction administrative violations in the field of securities and the securities market against Viet Tin Securities Joint Stock Company.
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Viet Tin Securities was fined 270 million VND |
Accordingly, Viet Tin Securities was fined VND 125 million for violating regulations on receiving and executing customer trading orders.
Specifically, the Company allowed some customers to execute securities purchase orders when there was not enough money in the account, violating the provisions of Point a, Clause 1, Article 7 of Circular No. 120/2020/TT-BTC dated December 31, 2020 of the Minister of Finance regulating the trading of listed stocks, registration of transactions and fund certificates, corporate bonds, and listed warrants on the securities trading system.
In addition, Viet Tin Securities was also fined VND 85 million for failing to report information that must be reported according to legal regulations. The company failed to report to the State Securities Commission in writing within 03 days from the date of the investment event exceeding the prescribed limit.
Not stopping there, this securities company was also fined an additional 60 million VND for the act of not disclosing information within the time limit prescribed by law. Accordingly, the Company did not disclose information within the time limit when receiving documents from competent state agencies or having a decision on changing the contents of business registration.
Thus, the total fine for Viet Tin Securities Joint Stock Company is 270 million VND.
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