The State Securities Commission has issued decisions to sanction administrative violations in the field of securities and the stock market against Dong Bac Corporation and Tan Viet Securities Joint Stock Company for violating regulations on information disclosure and conditions for securities practice.
On April 6, 2026, the State Securities Commission issued Decision No. 176/QD-XPHC on sanctioning administrative violations in the field of securities and the stock market for Dong Bac Corporation (headquarters address: Group 3, zone 8, Ha Long ward, Quang Ninh province).
Accordingly, Dong Bac Corporation was fined 77,500,000 VND according to the provisions of point a, clause 4, Article 42 of Decree No. 156/2020/ND-CP dated December 31, 2020 of the Government stipulating penalties for administrative violations in the field of securities and the stock market for violating the act of not disclosing information that must be disclosed according to legal regulations.
The Company did not send information disclosure content to the Hanoi Stock Exchange regarding the semi-annual audited Financial Statements for the 2023 bond issuance.
Previously, on April 3, 2025, the State Securities Commission also issued Decision No. 175/QD-XPHC on sanctioning administrative violations in the field of securities and the stock market for Tan Viet Securities Joint Stock Company (17th Floor, VCCI Building, No. 9 Dao Duy Anh, Kim Lien Ward, Hanoi).
Tan Viet Securities Joint Stock Company was fined 125,000 VND according to the provisions of point a, clause 2, Article 32 of Decree No. 156/2020/ND-CP amended and supplemented according to the provisions of point b, clause 12, Article 1 of Decree No. 306/2025/ND-CP dated November 25, 2025 of the Government amending and supplementing a number of articles of Decree No. 156/2020/ND-CP and Decree No. 158/2020/ND-CP dated December 31, 2020 of the Government on derivative securities and derivative securities market.
The reason is that the company has arranged for people without securities practice certificates to perform nghiệp vụ, positions that according to legal regulations must have securities practice certificates. From May 19, 2021 to January 20, 2026, the company arranged brokerage staff at Hai Phong branch who do not have securities practice certificates.
