On cancelling licences of professional securities market participant
12 December 2014
Press release
The Bank of Russia took a decision to cancel licences of professional securities market participant to carry out broker and dealer activity and securities management of the open joint-stock company Moscow Securities Center (hereinafter, the Company).
The reason to take this decision was repeated violations over the past year of the requirements of Russian securities legislation, including the Company’s countering the audit and failure to meet customers’ orders to divert funds and securities.
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