The State Securities Commission fined Vietnam Financial Investment Securities Joint Stock Company a total of VND 745 million and suspended brokerage activities for 2 months for many violations in securities trading activities.
According to Decision No. 312/QD-XPHC dated June 20, 2025 of the State Securities Commission (SSC), Vietnam Financial Investment Securities Joint Stock Company (headquartered in My Dinh 1 ward, Nam Tu Liem district, Hanoi) has committed a series of violations in providing securities services and information reporting obligations.
This enterprise was fined VND 125 million for not keeping evidence of placing transaction orders via phone of some customers, violating the provisions of Article 26 of Decree 156/2020/ND-CP.
The company was also fined VND 250 million for providing services related to securities lending without the approval of the State Securities Commission and without instructions from the competent authority. In addition, the company signed a stock issuance consulting contract without a professional license to issue a guarantee, and was fined an additional 225 million VND.
The State Securities Commission also fined the company VND 60 million for reporting unsatisfactory content on un listed stock transactions in the months from March to December 2024. At the same time, a fine of VND85 million was applied for not publishing compulsory information on the company's website, the system of the State Securities Commission and the Hanoi Stock Exchange regarding investment decisions and Board of Directors' resolutions.
In addition to the fines, the State Securities Commission decided to suspend the securities brokerage activities of Vietnam Financial Investment Securities Joint Stock Company for a period of 2 months. This additional measure applies from July 1, 2025, according to the provisions of Decree 128/2021/ND-CP.
