According to the decision dated August 29 of the State Securities Commission (SSC), National Securities Joint Stock Company (NSI) violated many regulations in professional activities. The company was fined VND 125 million for not recording the time of receiving the customer's transaction order at the time of receiving the order and allowing some customers to buy securities when they did not have enough money in their accounts. In addition, NSI was fined VND 112.5 million for allowing customers to conduct deposit transactions beyond their existing purchasing power.
The company was also fined VND175 million for not managing the customer's assets separately from the company's assets. In addition, NSI violated regulations on lending restrictions when lending to customers under many unsuitable contracts, with a fine of 175 million VND.
Regarding the obligation to publish information, NSI was fined VND85 million for not publishing the resolutions of the Board of Directors related to borrowing capital and purchasing corporate bonds. In addition, the company was also fined 225 million VND for the individual bond offering dossier consulted by NSI to Encapital Financial Technology Joint Stock Company (code ECFCH2425001) not ensuring full content according to regulations. In total, NSI had to pay a fine of VND 897.5 million.
The State Securities Commission has also issued a decision to fine Ba Ria - Vung Tau Province Traffic Construction Joint Stock Company headquartered in Vung Tau Ward (HCMC) for not publicing a series of financial statements (BCTC), management reports (BCQT), annual reports (BCTN) and university documents for the period 2021 - 2024. Accordingly, this company was fined VND 92.5 million for not disclosing information to the State Securities Commission.
This company was formerly a state-owned enterprise. On December 30, 2008, the People's Committee of Ba Ria - Vung Tau province (now under Ho Chi Minh City) approved the equitization plan and converted Ba Ria - Vung Tau Provincial Traffic Construction Company into Ba Ria - Vung Tau Provincial Traffic Construction Joint Stock Company.
In addition, the State Securities Commission also fined Thai Nguyen Refractory Materials Group Joint Stock Company and Vietnam Boilers Joint Stock Company a total of VND200 million for many violations of information disclosure. According to Decision No. 229/QD-XPHC dated August 29 of the State Securities Commission, Thai Nguyen Fire-Treatening Materials Group Joint Stock Company was fined a total of VND100 million.
Of which, 85 million VND was due to not publishing many reports and mandatory documents such as reports on the company's management situation, audited by the Board of Directors, annual reports and resolutions, minutes of the Board of Directors meeting in the period of 2022-2025. In addition, the company was fined 15 million VND for not having an electronic information page as prescribed.
On the same day, according to Decision No. 228/QD-XPHC, Vietnam Boilers Joint Stock Company was fined a total of VND 100 million. Specifically, 85 million VND due to failure to disclose or delay the release of many important documents such as the minutes and resolutions of the General Meeting of Shareholders, company management reports, annual reports and audited financial statements for the period 2023-2025. In addition, the company was fined VND15 million for the electronic information page not meeting the requirements for periodic, unusual and not displaying the information posting time.
