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The State Securities Commission (UBCKNN) has issued Administrative Penalty Decision No. 197/QĐ-XPHC against IT P Investment Joint Stock Company for violations related to securities investment advisory activities.
UBCKNN fined IT P Investment Joint Stock Company 225 million VND for conducting securities business activities without a license from UBCKNN, under point a, clause 5, article 24 of Government Decree No. 156/2020/ND-CP dated 31 December 2020.
UBCKNN said that from 1 December 2025 to 1 April 2026, the company posted on its information website (http://chungkhoanitp.com) analyses of stock codes, including assessments of corporate operating conditions, and issued buy, sell, or hold recommendations to clients. UBCKNN considers this to be providing securities investment advisory services.
According to UBCKNN, IT P Investment is not a securities company, not a securities fund management company, and has not been licensed by UBCKNN to establish and operate. UBCKNN stated that providing securities investment advisory services without a license violates clause 4, article 12 of the Securities Law.
UBCKNN also imposed several bans on IT P Investment for 2 years from 22 April 2026, including:
UBCKNN warned investors to exercise caution when investing based on information from online sources, and to avoid being drawn into investments from unverified information on social networks or groups.
UBCKNN said that organizations or individuals that issue investment reports and provide buy/sell/hold recommendations to investors without UBCKNN licensing will be dealt with strictly under the law.
Châu Anh
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