Vietcap was suspended from securities custody for 3 days, VNDirect was reprimanded

Both Vietcap Securities and VNDirect made the same error in correcting the stock transaction. However, because Vietcap made the same mistake twice in June, it has just received a decision to only deposit for 3 days.

Common types of post-transaction correction errors include incorrect stock codes and quantities - Photo: QUANG DINH

Vietnam Securities Depository (VSDC) has recently decided to suspend securities depository activities of Vietcap Securities Joint Stock Company.

The suspension will last for 3 days, starting from June 18 to 20. The reason stated by VSDC is that Vietcap twice in June 2025 received a reprimand decision for violating regulations on clearing and settlement of securities transactions.

According to the announcement from VSDC, the suspension with Vietcap includes: stopping accepting deposits, freezing and transferring securities deposited outside the securities trading system, except for cases at the request of competent state agencies or related to ownership and account settlement.

VSDC requires Vietcap to be responsible for strengthening the control of business activities, ensuring compliance with current regulations to limit errors leading to post-transaction error correction.

Previously, Vietcap was also reprimanded by VSDC in December 2022 and January 2025 for multiple post-transaction error corrections.

Also on June 17, VSDC issued a decision to reprimand the depository member of VNDirect Securities Joint Stock Company for correcting errors 7 times after transactions performed at HoSE in May 2025.

Post-transaction correction errors are errors that arise after the transaction order has been matched and recorded on the trading system, forcing the securities company to make changes and adjustments to the information through the depository and clearing system.

Notably, both Vietcap and VNDirect are companies with large brokerage market shares on the HoSE. In the first quarter of 2025, Vietcap ranked 4th with 6.77% market share, while VNDirect was in the top 6 with 5.26%.

BINH KHANH

Source: https://tuoitre.vn/vietcap-bi-dinh-chi-luu-ky-chung-khoan-3-ngay-vndirect-bi-khien-trach-20250619185246995.htm