Law on Securities 2006 of Vietnam: Prohibited acts

Nguyen Trinh

11:06, 28/05/2008

The Law on Securities 2006 of Vietnam was promulgated on June 29, 2006, consisting of 11 chapters and 136 articles. There are certain acts strictly prohibited in securities activities specified in this Law.

Specifically, according to Article 9 of the Law on Securities 2006 of Vietnam, prohibited acts include:

One, 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.

Two, 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.

Three, 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.

Four, 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.

View more details at: The Law on Securities 2006 of Vietnam takes effect from January 01, 2007.

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