Search

"Univer Capital" broker appealed to the Central Bank with a request for reorganization

... words, customers have suffered damages worth almost $174 million. The broker firm has lost the ability to independently sell securities with the obligation of their subsequent redemption (the so-called REPO transactions). This function has been taken ... ... exactly NCC is forcibly selling clients' assets almost 15% cheaper than the price determined by market conditions. Whether “Univer Capital's” appeal will affect the established regulations is a big question, to which the Central Bank of the Russian Federation has not given an unequivocal answer.

Sorted by relevance | Sort by date