The State Securities Commission issued a decision on sanctions for administrative violations in the securities sector for Mr Bui Ngoc Ali (resident of Thanh Xuan, Hanoi).
The results of the Inspection by the Securities Commission and the results of the Public Security Certification Inspectorate show that Bui Ngoc Ali manipulated the shares of Apax Holdings Investment Joint Stock Company (IBC) – public Mr. Nguyen Ngoc Thuy, also known as Shark Shui , the chairman of the board. Mr. Pen used 38 accounts for continuous purchase, sale, creation of artificial supply and demand, manipulation of IBC shares.
Starting from the verification results, police offices have no basis for proving Mr Pen's violation of the criminal code. With these procedures, the Securities Commission replaced Mr. Pena with 550 million dongs and had to pay nearly 150 million donges in illegal proceeds from the injury. The total amount of punishment is almost 700 million.
At the same time, the Securities and Exchange Commission introduced a maximum penalty for a particular investor for similar behavior. The Regulator has fined VND550 million from Vu Huy Son, headquartered in Binh Thanh District, HCM City, to use 31 bucks to purchase, sell and create counterfeit orders and manipulate shares of an export-importing company. Stainless Steel Kim Vi.