Why The State Securities Commission Penalties Vsetgroup Vnd 600 Million?

VSETGROUP Group was fined 600 million VND for offering securities to the public but did not apply for registration with the State Securities Commission. On November 30, 2021, the State Securities Commission (SSC) Decision No. 814 / QD-XPVPHC on sanctioning administrative violations for Vset Group Group Joint Stock Company (Head office address: 107 Cong Hoa, Ward 12, Tan Binh District, Ho Chi Minh City), Specifically As follows: Main sanctioning forms: A fine of VND 600 million in accordance with Point c Clause 5, Article 10 of Decree No. 156/2020 / ND-CP dated December 31, 2021 of the Government stipulating sanctioning violations Main in the field of securities and securities market (Decree No. 156/2020 / ND-CP)

. Vset Group Group Joint Stock Company continuously issued corporate bonds in the past but did not submit post Signed with the Provincial Committee for Vset Group's administrative violations of VSet Group Joint Stock Company is defined: January 1, 2020 to 27/10/2021, Vset Group Group Joint Stock Company has made off offered Company of R A public through mass media and to investors not identified but does not apply for registration with the SSC according to the provisions of Clause 1, Article 13 of the Securities Law in 2006, Clause 1, Article 16 of the Securities Law In 2019). The Fine Fine, the SSC forced VSet Group Joint Stock Company to overcome the consequences: forced securities to recover for sale; Refunds for investors who buy securities or deposits (if any) plus interest calculated according to the bank's demand deposits interest rates of banks that organizations and individuals violate their securities purchase accounts or deposit at the time of decision to apply this measure takes effect, within a maximum of 15 days from the date of receipt of the investor's request for violations. Submit request is up to 60 days from the date the decision to apply this measure takes effect, specified at Point a, Clause 8, Article 10 of Decree No
156/2020 / ND-CP.Nguyễn Khánh

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