Violations in securities trading subject to big fines

The government has just issued Decree 36/2007/ND-CP regulating administrative fines on infringements in securities trading. Those committing activities not in line with current regulations on securities trading may be fined between 10 million dong and 50 million dong, while those illegally mobilising capital may be subject to fine equivalent to between 1% and 5% of the mobilised sum. Insider trading or other forms of manipulation of information for illegal gains may subject violators to fines of up 70 million dong.

 

Category: Stocks