2023-10-21 02:39:50
In a decision announced this Friday night, the National Value Comission (CNV) suspended to the stock exchange company Santander Valoresaimed to carry out irregular operations with the dollar.
The measure inhibits the firm to operate with one’s own portfolio or on behalf of third parties on the stock market.
During the day, CNV agents and police officers The headquarters of Santander Valores were raided by court order for the alleged realization of «suspicious operations» from TWO Continents, a company that does not have employees in the country and that would be linked to Manuel Antelorenowned businessman in the automotive industry.
Specifically, Santander Valores SA was suspended for violating the rule (General Resolution 981) that sets limits on large capital operations.
«This is a standard that is part of a series of measures aimed at reducing volatility in the financial dollar market and contain the impact of fluctuations in financial flows on the real economy,” the CNV indicated in its document.
The agency also considered that the brokerage company “not only failed to comply with the obligation to inform the CNV five days in advance,” but also “carried out operations for a value much higher than the established limit«.
According to the regulatory framework, the limit for this type of operations It is 200 million pesoswhile the firm operated for a specific client regarding 4,000 million.
“The measure was taken following the CNV verified that the operations carried out today violated current regulations, with the aggravating factor of the strong exceedance of the regulated thresholds,” the entity explained.
What they said from Santander Valores
Before learning of the suspension, the brokerage company had issued a statement in which it denied that the CNV has requested a raid and explained, instead, that it was an “administrative request for information.”
“The request for information is regarding duly documented Santander Valores operations,” the firm argued and stressed that “as usual,” it is fulfilled “strictly with requests for information from regulatory bodies«.
«For reasons of confidentiality, we cannot mention any client. Santander Valores has adequate knowledge of all its clients and the origin of the funds for all its operations,” the letter concluded.
Source: Argentine News
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