Threaded View
-
10-08-2010 10:29 AM #1
Senior Member- Ngày tham gia
- Jan 2010
- Bài viết
- 781
- Được cám ơn 70 lần trong 53 bài gởi
Cash penalties rise for Vietnamese stock fraud
Organisations and individuals that directly or indirectly take part in stock fraud will be penalised up to VND500 million (US$26,000).
The regulation is part of the recent government Decree 85 on stock market fraud.
It will will come into effect on September 20.
In addition, concealing important information that affects the issue, listing, transaction and investment in the stock market will be subject to the same cash penalty.
All illegal earnings from these activities will be seized.
The decree regulates that all illegal internal transactions that use or reveal inside information to other persons who make stock transactions will be subject to fines between VND150-200 million ($8,000 – $10,500).
Founding and major shareholders will be fined VND30 million – 50 million ($1,550 – 2,600) if they do not report transactions on time.
Stock companies and their staff will be fined between VND70 million and VND100 million ($3,700 – $5,200), and their business licences and professional certificates will be revoked if they are involved in illegal activities
Thông tin của chủ đề
Users Browsing this Thread
Có 1 thành viên đang xem chủ đề này. (0 thành viên và 1 khách vãng lai)
Similar Threads
-
Stock market awaits imminent flow of cash
By kieudiemvje in forum STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 29-06-2010, 08:41 PM -
Vietnamese stock market nosedives amidst sell-offs
By kieudiemvje in forum STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 20-05-2010, 09:22 AM -
Cash flow to stock market forecast to be weaker in 2010
By phuocpham in forum STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 30-12-2009, 06:13 PM -
Cash flowing back to stock market
By phuocpham in forum STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 24-09-2009, 03:45 PM -
Market retreats as investors cash out gains
By boiman in forum STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 05-08-2008, 05:53 PM
Bookmarks