2023-10-21 01:24:35
The National Securities Commission (CNV) suspended the stockbroking company this Friday Santander Securities, what You will not be able to operate with your own portfolio or on behalf of third parties. in the stock market until the investigation underway for alleged irregular operations in the exchange market is resolved.
During the day, CNV agents and troops raided the headquarters of Santander Valores by court order, in search of what they consider possible “suspicious operations” of TWO Continentsa company without employees in the country, which would be linked to businessman Manuel Antelo, linked to the automotive industry.
Already at night the CNV reported that the suspension was taken because Santander Valores SA “violated the norm (General Resolution 981) that sets limits on large capital operations.”
“This is a rule that is part of a series of measures aimed at reducing volatility in the financial dollar market and containing the impact of oscillations in financial flows on the real economy,” indicated the CNV.
The organization considered that the brokerage company “Not only did it fail to comply with the obligation to inform the CNV five days in advance, but it carried out operations for a value much higher than the established limit.”
As indicated, the limit for those operations It is 200 million pesos, and 4,000 million were operated for a specific client.indicated the Commission.
“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,” explained the CNV.
The response from Santander Valores
Shortly before the suspension of its operations became known, the now suspended brokerage company had made known its position on the ongoing investigation.
“Today we received a request for administrative information from CNV regarding Santander Valores clients, not a raid,” said SV, specifying that “the request for information is regarding duly documented Santander Valores operations.”
“As usual, Santander Valores strictly complies with information requests from regulatory bodies,” the company added, specifying that “for reasons of confidentiality, we cannot mention any client. Santander Valores has adequate knowledge of all its clients. and the origin of the funds of all its operations”.
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