Venezuela Intervenes 36 Stock
Markets
CARACAS - About 36 Venezuelan stock markets
have been intervened due to denounced
irregularities, said the president of the
National Stock Market Commission, (CNV),
Tomás Sánchez.
Those operations are part of the offensive
to purge those companies, he explained.
The intervening commissions work in line
with article 82 of the Capital Market Law,
and have the right to make a decision
according to the result of their assessment,
the website of the Planning and Finance
Ministry quoted Sánchez as saying.
Patrimonial problems and illegal exchange
operations are among the reasons why those
markets were intervened.
Referring to the temporary buying-selling
suspension of shares in hard currency, he
indicated the measure is likely to end this
week, 15 days after its announcement.
As of the future of stock exchanges, Sánchez
noted CNV is waiting for the National
Assembly's approval of the Stock Market Law,
an instrument that will define the new rules
of the game. |
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