The State Securities Commission (SSC) has just announced information about the issuance of a series of decisions to sanction administrative violations and apply preventive measures for the act of manipulating the shares of An Gia Real Estate Investment and Development Joint Stock Company (code AGG).
From December 1, 2020 to December 31, 2022, Mr. Ho Thanh Trung used 92 accounts to continuously buy and sell, creating fake supply and demand to manipulate AGG stock prices. Of these, there are 4 personal accounts of Mr. Trung, 2 accounts under the name of Truong Giang Investment and Management Joint Stock Company, and 86 accounts of 27 other investors.
According to Decision No. 701/QD-XPHC, Mr. Ho Thanh Trung was fined 1.5 billion VND. The State Securities Commission also issued Decision No. 704/QD-UBCK, applying measures to prohibit securities transactions and prohibit holding positions at securities companies and fund management companies for 2 years, starting from October 1, 2025.
Truong Giang Investment and Management Joint Stock Company was fined VND3 billion under Decision No. 702/QD-XPHC for authorizing Mr. Trung to conduct transactions, contributing to manipulation. The State Securities Commission also issued Decision No. 705/QD-UBCK, banning this enterprise from trading in securities for 2 years, starting from October 1, 2025. The inspection results showed that Mr. Trung and Truong Giang Company did not have any illegal profits from the violation.
In addition, the State Securities Commission fined 26 individuals for lending accounts to trade AGG shares in the period from December 1, 2020 to December 31, 2022. According to Decision No. 703/QD-XPHC, 26 individuals were suspended from securities trading for 9 months.
After that, the State Securities Commission continued to issue Decision No. 706/QD-UBCK, banning transactions and prohibiting him from holding positions at securities trading institutions for a period of 2 years, starting from October 1, 2025. The inspection results also showed that there was no basis to determine that this group of individuals illegally profited from the violation.
