Eurogreen loses licenses

18 November 2010 (09:12)

Russia’s Federal Financial Markets Service decided to annul the licenses allowing OOO Eurogreen Investment & Finance Company to deal in brokerage and dealership operations, management of securities, and depositary operations in the capacity of a professional stock market player. The licenses, registered as No. 166-10513-100000 (brokerage),166-10514-010000 (dealership), 166-10515-001000 (securities), and 166-10518-000100 (depositary transactions), were all issued on September 6, 2007.

The Service reports the decision was taken after the company had violated the Russian securities legislation several times this year. The offenses included violation of the normative acts adopted by the federal executive bodies in charge of the stock market and of the Russian Federation laws on counteracting money-laundering and financial support of terrorist activity.

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