The official entity “preventively” suspended the brokerage company for “violating the rule that sets limits on large capital operations.”
The National Securities Commission (CNV) suspended this afternoon at stock company Santander Valores SA. According to the official entity, it was “preventively” suspended “to operate with its own portfolio or on behalf of third parties in the stock market.”
The CNV, the official entity in charge of the regulation, supervision, promotion and development of the capital market, reported that “The measure was taken because Santander Valores SA violated the norm (General Resolution 981) that sets limits on large capital operations”. “This is a rule that is part of a series of measures aimed at reducing volatility in the financial dollar market and containing the impact of oscillations in financial flows on the real economy,” they explained in a statement.
The entity indicated that the brokerage company “not only failed to comply with the obligation to inform the CNV five days in advance,” but also “carried out operations for a value much higher than the established limit”. The limit for these operations is 200 million pesos and they were operated for 4,000 million pesos for a specific client.
The CNV claimed to have verified “that The operations carried out today violated current regulationswith the aggravating factor of the strong exceedance with respect to the regulated thresholds”.
Raid on a Santander bank: they detect a ghost company that operated dollars
Police officers and Customs This Friday they carried out new raids for illegal maneuvers with the dollar and, as far as he could know Ambitsecurity forces raided a branch of the Santander Bank by “suspicious operations” of TWO Continentsa company without employees in the country, which would be linked to Manuel Anteloa major businessman in the automotive industry.
From Santander they told Ambit that the entity received this Friday a “administrative information request” by the National Securities Commission (CNV) on clients of Santander Valores, and assured that it was not a raid.
“The request for information is about duly documented Santander Valores operations. As usual, Santander Valores strictly complies with requests for information from regulatory bodies,” They argued from the bench.
For reasons of confidentiality, the entity said that they cannot mention any client. “Santander Valores has adequate knowledge of all its clients and the origin of the funds for all its operations”they emphasized.
Source: Ambito
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