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Bao Minh Securities Joint Stock Company (ticker: BMS) has been fined a total of 780 million dong by the State Securities Commission for multiple violations in the securities field and market. The penalty decision was issued on May 8, 2026, under Decision No. 229/QĐ-XPHC.
According to the regulator, Bao Minh Securities was fined 187.5 million dong for failing to keep customer assets segregated from the company’s own assets. The regulator said the firm moved funds between the dedicated account used to manage customer trading deposits and the company’s payment account, and vice versa, to facilitate transactions including customer withdrawals, repayment of principal, loan interest, and payments for bond purchases.
The firm was also fined 92.5 million dong for not disclosing information as required for transactions valued at 10% or more of total assets. The regulator cited the violations occurring on 25/06/2024, 11/07/2024, 10/03/2025 and 15/12/2025.
In addition to disclosure issues, Bao Minh Securities received a further fine of 187.5 million dong for violations of lending restrictions. The audit concluded that, at certain times, the company lent to some customers through contracts pledging bonds and time deposit certificates.
Another violation involved misreporting content, resulting in a fine of 175 million dong. Specifically, the company reported inaccurate data on the capital adequacy ratio at certain times. The regulator also required Bao Minh to remediate by re-reporting the correct information as required.
Separately, the firm was fined 137.5 million dong for allowing customers to execute margin trades exceeding their current buying power on the margin trading account.
On the market, at the close on May 12, 2026, BMS shares fell 1.3% to 15,000 dong per share, with matched volume around 123,700 units. This was the third consecutive down day for the ticker, reducing Bao Minh’s market capitalization to about 3,058 billion dong.
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