Fines are totaling 1.60 million UAH
National Commission on Securities and Stock Market (SSMNC) summarized information on the state of law in the fourth quarter 2013. Results of the regulator in this direction have been submitted to the Commission in its planned meeting on January 28, 2014.
"In the fourth quarter the authorized officers of the Commission examined 2602 cases of violations of the securities market in respect of legal entities, imposed 2110 fines totaling $ 36, 56 million, of which 849 fines are paid amounting to 1.60 million" - said Natalia Gerasimenko, head of enforcement department of SSMNC.
She said that in the fourth quarter of this year, there were fewer cases involving offenses considered than in the third quarter, while the number of closed cases decreased significantly and was 3.5 % of the total number of cases.