Friday, June 21, 2013

GBS SSC is required to suspend operations

 




On 19.06.2013, the State Securities Commission (SSC) has sent Securities Dispatch Golden Bridge Vietnam (GBS) required to suspend operations.


     The reason is that GBS does not remedy the situation special control (as defined in the Circular and Circular 226/2010/TT-BTC 165/2012/TT-BTC prescribed financial norms and safety measures reasons for trading securities held does not meet safety norms finance). At the same time, Golden Bridge does not guarantee payment of all debts and other financial obligations in accordance with law firms, bankruptcy law firms.

 

     Earlier, on 06.03.2013, SEC also requested documents SME Securities suspend operations due to failure to remedy the situation and control especially on capital gross loss of nearly 50%.

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