Brokerage firm sees its license suspended after failing to pay its fees to the CNVM

Ş.C. (Translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 13 iulie 2010

The CNVM (Romanian Securities Commission) has issued a warning to brokerage firm "Ventrust Investment" and has suspended its operating license, according to a decision published in the Commission"s bulletin yesterday.

The officials of the CNVM have decided to suspend the license of the brokerage firm until the latter pays 1% of its operating revenues to the Commission, plus the related penalties, for the January 2008-June 2010 period, according to the aforementioned document.

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