Securities Commission directs close monitoring of volatile stocks

The State Securities Commission requires stock exchanges to closely monitor stock transactions with sharp increases/decreases; in case of identifying signs of unusual transactions, analyze, evaluate, recommend and propose solutions.

The State Securities Commission (SSC) has issued a directive requesting stock exchanges, the Vietnam Securities Depository and Clearing Corporation (VSDC), and securities companies to strengthen supervision to ensure the safe and stable operation of the stock market.

This directive was issued in the context of the stock market growing strongly, and supervision, inspection, examination, and strict handling of violations in the market need to be increased.  

Specifically, the State Securities Commission requires the Stock Exchanges to closely monitor stock transactions with sharp increases/decreases; in case of identifying signs of unusual transactions, conduct analysis, evaluation, recommendations, propose handling plans, and report to the State Securities Commission for handling according to regulations; The Vietnam Stock Exchange directs the Ho Chi Minh City Stock Exchange to coordinate with the Hanoi Stock Exchange and VDSC to ensure safe, stable, and smooth securities trading, clearing, and payment activities.

State Securities Commission   Also requires securities companies to strictly comply with legal regulations in business activities and provision of securities services; Strengthen management and supervision of employees and practitioners to prevent employees and practitioners of the company from committing acts that violate legal regulations and professional ethics, from enticing and inviting people to participate in forums and groups to advise on securities investment contrary to the law; Closely monitor compliance with legal regulations on securities transactions of individuals and organizations that are customers of the company; Actively and proactively coordinate with Stock Exchanges, VSDC, and the State Securities Commission in monitoring, inspection, and examination activities.  

In case of detecting transactions with signs of violating regulations on securities transactions, report to the Stock Exchanges and the State Securities Commission for handling according to regulations.

Source: https://baodautu.vn/uy-ban-chung-khoan-chi-dao-giam-sat-chat-che-cac-co-phieu-bien-dong-manh-d349550.html