Company fined $37,000 for not disclosing stock market transactions

By Minh Son May 21, 2023 | 08:55 pm PT

An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Thai Son Investment Solutions Jsc has been fined VND870 million (US$37,100) for selling and buying back a stock in October last year without disclosing the information.

The State Securities Commission of Vietnam announced the fine recently and prohibited the company from trading on the stock market for three months starting May 19.

Thai Son surreptitiously sold 1.5 million shares of Electricity Investment Service Trade Jsc (EIN) on October 19, 2022, and bought 1.4 million shares three days later.

The SSC recently placed Tan Viet Securities under restrictions for four months for publishing its financial statements unaudited.

The company had been fined VND745 million in 2021 and 2022 for multiple stock market violations.