|

The securities Commission has fined “Aval-Brok” for UAH 170 thousand for manipulating stock prices

The national Commission on securities and stock market (NCSSM) has fined LLC “Aval-Brok” (Kyiv) for UAH 170 thousand for the manipulation of the prices of the shares of PJSC “Aqua digital” (Kiev).

As reported in the press release of the national Commission , authorized persons of the regulator established that the merchant LLC “Aval-Brok” in the period from 16 October 2014 to 1 April 2015 was carried out on the stock exchange PFTS (Kiev) transactions with shares of PJSC “Aqua digital” among a limited number of participants who only created an idea of the value of these securities.

“In fact, stock prices did not correspond to either the financial and economic condition of the Issuer, nor the situation in the market”, – said the securities Commission.

On the basis of the established fact of the manipulation of authorized persons of the national Commission on 12 January 2017, made the decision to apply to the company “Aval-Brok” financial sanction in the form of a fine in the amount of 170 thousand UAH.

The securities Commission also said that as of 13 January 2017 on the facts of price manipulation in the stock market opened 156 cases. The decision was made on 85 cases, including fines were imposed totaling UAH of 5.61 million and eight securities traders was cancelled license.

“Aval-Brok” founded in 1996, the securities Commission holds licenses for brokerage and dealer activities and underwriting. According to the Unified state register, the main owner of the company is OOO “Indept” (Kiev), the ultimate beneficiary of which is Dmitry Machines.

Leave a comment

Confirm that you are not a bot - select a man with raised hand:

levitra online