A company was fined more than 870 million VND for illegal stock trading.

Thai Son Investment Solutions Company was fined more than VND 870 million for trading EIN shares at the end of October 2022 but did not disclose information.

The State Securities Commission has just administratively fined Thai Son Investment Solutions Joint Stock Company more than VND870 million.

Thai Son Investment Solutions sold 1.5 million EIN shares of Electricity Investment - Trade - Service Joint Stock Company on October 19, 2022 and bought more than 1.4 million shares three days later but did not disclose information about the expected transaction. This company is an organization related to Mr. Nguyen Duy Tan, a member of the Board of Directors of EIN.

In addition to the administrative fine, Thai Son Investment Solutions must also be subject to an additional penalty of suspension of securities trading activities for three months, starting from May 19.

Previously, on May 18, the Securities Commission also announced that Tan Viet Securities Company would be placed under special control because its financial safety ratio report on December 31, 2022 was not audited. The special control period is from May 18 to September 17.

Earlier this year, Tan Viet Securities was fined a total of VND745 million for multiple violations when offering corporate bonds in the 2021-2022 period.

Minh Son

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