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Stock watchdog tells investors to 'stay calm' after FLC chairman arrest

snoop1130
in Vietnam News

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WEBQuynhTran12-1648626520-3826-1648626528_680x408.jpg

An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

 

Vietnam’s stock watchdog State Securities Commission of Vietnam (SSC) has advised investors to “stay calm” after the chairman of real estate developer FLC was arrested for market manipulation.

 

"The State Securities Commission of Vietnam advises investors to stay calm and analyze all macro factors and actual operation of businesses to make prudent investment decisions," it stated late Tuesday.

 

The statement was released after the Ministry of Public Security arrested FLC chairman Trinh Van Quyet for using 20 different trading accounts to create fake demand for company shares.

 

Full Story: https://e.vnexpress.net/news/companies/stock-watchdog-tells-investors-to-stay-calm-after-flc-chairman-arrest-4445383.html

 

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-- © Copyright VN Express 2022-03-30

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