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The State Securities Commission (SSC) Inspectorate has issued an administrative penalty against IT Investment Joint Stock Company (ITP) for carrying out securities business activities without a license.
ITP was fined 225 million dong for providing securities investment advisory services without authorization from the SSC. The SSC said that between December 1, 2025 and April 1, 2026, the company posted stock analysis reports, assessed its business performance, and issued buy, sell, or hold recommendations to clients through the website chungkhoanitp.com.
The SSC stated that, under Clause 32, Article 4 of the Securities Law, the company’s conduct constitutes securities investment advisory activity. Based on monitoring results, and in coordination with the Cyber Security and High-Tech Crime Prevention Department, the SSC concluded that ITP’s actions violated the law and moved forward with penalties.
In addition to the monetary fine, ITP will face further measures for two years from April 22, 2026, including:
ITP is headquartered at 214/47 Nguyen Oanh, Go Vap Ward, Ho Chi Minh City. The company was established on July 31, 2024, with Le Anh Tung as legal representative.
ITP operates in investment advisory (excluding financial, accounting, and legal advisory). According to information on its website, the company’s main content includes investment advisory and securities training courses, along with tables analyzing stock codes. The SSC noted that users must provide personal information and a phone number to access deeper content.
The SSC advised investors to exercise caution with information posted online to avoid being influenced by unverified sources. It also stated that organizations or individuals providing analysis reports and investment recommendations without licensing will be strictly penalized under the law.
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