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The securities Commission has warned securities dealers

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The securities Commission has warned that in case of repeated violations, will take away their license

The national Commission on securities and stock market (NCSSM) first issued a warning to securities dealers for the sale of liquid shares significantly below their market value. This reports the press service of the regulator.

Two cases in fact the failure of securities dealers, LLC “Navigator-invest” and OOO “Speaker-Brok-invest” appropriate measures with the aim of obtaining the best possible result for its clients. By results of consideration of cases in connection with the implementation of liquid shares significantly below their market value to securities traders were issued warnings. In the case of repeated violations of these requirements to dealers may be applied a sanction of revocation of the license for professional activities on the stock market.

Thus, it was found that in June 2017, “the Speaker-Brok-invest” signed on “Ukrainian exchange” in the interests of their clients two of the contract of Commission on sale of securities of PJSC “Ukrnafta” at the price of UAH 0.25. Although the day on the exchange was concluded on 11 exchange contracts (excluding repos) with securities of JSC “Ukrnafta” at the price of 111,3 115,8 to UAH. In addition, on this day, participants of exchange trading were filed 111 requests for purchase of securities of PJSC “Ukrnafta”, and 129 applications for sale, which indicates a sufficient demand for them.

Other securities of the LLC “Navigator-invest” in October 2017 signed on the “Ukrainian exchange” for a client with two exchange-traded contracts with securities of JSC “Raiffeisen Bank Aval” at a price 0,142 UAH. However, the exchange rate of securities of JSC “Raiffeisen Bank Aval” on the stock exchange amounted to UAH 0,2823. In addition, on this day, participants of exchange trading were filed 187 applications for the purchase of securities of JSC “Raiffeisen Bank Aval” and 166 sell orders, which indicates a sufficient demand for them at a specified price.

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