Securities trading will be permanently banned if price manipulation is violated many times - Vietnam News

At the online seminar "Security and security in the securities sector" organized by the Stock Exchange, Mr. Nguyen The Tho

Vietnam Law




Vietnam News - At the online seminar "Security and security in the securities sector" organized by the Stock Exchange, Mr. Nguyen The Tho - Director of the Securities Market Supervision Department and the State Securities Commission when asked about The fact that the teams drove rumors to manipulate stock prices, said the phrase "crew" is not in the law.


In law, only the concept of "creating artificial supply and demand to manipulate stock prices". These teams and teams use multiple accounts to perform their behavior.

Mr. Tho said that the SSC coordinated with the Stock Exchange to supervise the transaction on the basis of monitoring from many sources of information, including complaints to clarify orders and cancel orders of account groups. to have a basis for determining violations. When the SSC, when fully determined, the manipulation of securities prices by individuals or organizations will be handled in accordance with the law.

The revised Law on Securities Law Vietnam stipulates an increase of up to 3 billion VND for administrative violations on the stock market and 1.5 billion VND for individuals. However, this penalty according to investors is still not enough to deter.

According to a draft of the amended Law on Securities this time, in addition to administrative sanctions, depending on the nature and severity of violations, organizations and individuals that commit acts of violation may also be forced. return the illegal profits earned by implementing administrative violations, suspending operations, suspending time-bound transactions, depriving of the right to use permits and certificates related to securities activities and prohibitions Selling securities to the public to mobilize capital for the definite and most serious period is prohibited from participating in securities and securities market activities for a definite or permanent period.


See more: SK Group invested 1 billion USD in Vingroup


Reply Viet-News.com, Mr. Nguyen The Tho said, if the manipulation of stock prices is repeated several times, it can be banned permanently from trading or limit trading time, companies repeatedly vi. It has been announced that there must be some sanctions or securities companies and securities companies violating the regulations to withdraw licenses and suspend operations. However, according to Mr. Tho, besides increasing sanctions, it is necessary to pay attention to propaganda education. If it is only a serious trial that is not propagated and not educated, the investor will not be aware that it is a violation that not only affects themselves to investors and companies but also affects negatively. economy.

Ms. Bui Huyen Trang - Director of Transaction Supervision Department, Hanoi Stock Exchange said that when rumors appear, for businesses, calmness will help enterprises handle rumors quickly and reasonably. If the level of interest of the company leader is not large enough, it will become a crisis leading to difficult handling. With businesses on the listed floor with a lot of experience and experience in information disclosure, they will respond immediately, send explanatory information to management agencies. If the business itself determines that the information is unfounded, the enterprise also needs to explain and give appropriate information to investors.
  Vietnam

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Breaking Vietnam news | Vietnam's #1 News Site | Viet-News.com: Securities trading will be permanently banned if price manipulation is violated many times - Vietnam News
Securities trading will be permanently banned if price manipulation is violated many times - Vietnam News
At the online seminar "Security and security in the securities sector" organized by the Stock Exchange, Mr. Nguyen The Tho
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