Acts strictly prohibited in securities trading in Vietnam

14:31, 01/08/2011

Securities trading is a specialized business activity that requires strict regulation. The following acts are strictly prohibited in securities trading in Vietnam:

1. Directly or indirectly tricking, swindling, fabricating untruthful information or omitting necessary information, thus causing serious misunderstanding which badly affects the public offering of securities, securities listing, trading or investment, securities and securities market service provision.

2. Disclosing misleading information in order to entice and instigate others to buy or sell securities, or disclosing untimely and insufficient information on occurrences which greatly affect securities prices on the market.

3. Using inside information to buy or sell securities for oneself or for others; disclosing or supplying inside information or advising others to buy or sell securities based on inside information.

4. Conniving in buying or selling securities in order to create sham supply and demand; trading in securities by mode of colluding with or enticing others to continuously buy and sell securities back and forth to manipulate securities prices; combining or employing other trading modes to manipulate securities prices.

5. Implementing the work of securities business when has not yet granted permit or approved by the State Securities Commission.

View more details at the Law Amending, Supplementing a number of Articles of Law on Securities in 2010 and the Law on Securities 2006 of Vietnam.

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