Regulatory Alerts2025-01-22 | 04/KL-TTAdded · Updated
Inspection Conclusion No. 04/KL-TT Regarding I.P.A Securities Fund Management Company
The State Securities Commission's Inspection Department issued Conclusion No. 04/KL-TT regarding an inspection of I.P.A Securities Fund Management Company, finding that while the firm generally complies with securities laws, it committed specific violations. The regulator identified failures to maintain adequate internal audit staffing and the use of non-equity funds for financial investments, which breached regulatory capital requirements. The Inspection Department has ordered the company to rectify these issues within 30 days and recommended formal legal sanctions for the identified violations.
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