The State Securities Commission (UBCKNN) announced enforcement actions to deter violations of securities laws, including market manipulation and the lending of trading accounts, which officials say contributed to manipulation in Dat Phuong Group Joint Stock Company (DPG) stock.
In response, UBCKNN fined Dang Van Vinh 1.5 billion VND and revoked his right to use securities professional certificates for 21 months due to market manipulation.
Separately, starting July 1, he was banned from securities trading for three years and prohibited from holding positions at securities companies, securities fund management companies, their branches in Vietnam, and at foreign‑invested securities investment companies for three years.
UBCKNN also sanctioned six other individuals/organizations — Mr. Tran Huy Tai, Mr. Nguyen Duc Anh, Vintrust JSC, Trustvalue LLC, VAT Vietnam Investment and Trading Joint Stock Company, and Bang Lang Investment and Trading JSC — for lending accounts to others to trade securities leading to market manipulation. They received a nine-month suspension of securities trading, a two-year ban on securities trading, and prohibitions on holding positions at securities companies and investment fund management entities for two years from July 1.
The penalties are aimed at deterring violations and protecting market integrity. The actions reflect the regulator’s ongoing effort to address market manipulation and improper trading practices.
No analysis or expert opinions were provided in the source material.
