Regulatory Alerts2024-08-22 | 71/KL-TTAdded · Updated
Inspection Conclusion No. 71/KL-TT Regarding Inspection of Phu Hung Securities Joint Stock Company
The State Securities Commission's Inspection Agency issued Inspection Conclusion No. 71/KL-TT regarding its audit of Phu Hung Securities Joint Stock Company. The conclusion confirms the company generally complies with securities regulations and maintains adequate financial safety ratios, but identifies specific violations including deploying unlicensed staff for brokerage operations and disbursing margin loans for non-approved securities. The agency mandates administrative penalties for these infractions and requires the company to implement immediate corrective measures, including ensuring all operational personnel hold valid securities licenses and strictly adhering to approved margin trading lists, within 30 days.
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