ACBS Fined VND70 Million

The ACB Securities Company in Ho Chi Minh City has been fined VND70 million following an inspection by the State Securities Commission.

The ACB Securities Company(Photo:T.C0
The market watchdog found that ACBS had broken several rules to do with collateral, and failed to maintain accurate records of deposit, balance and securities purchase.

They also found that the broker did not have proper internal controls, with the result that incorrect data about its customers stayed that way.

Source: VNA - Translated by Uyen Phuong

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