...

Number of violations on securities market reduced in Azerbaijan

Business Materials 19 March 2010 17:44 (UTC +04:00)

Azerbaijan, Baku, March 19 / Trend N. Ismayilova /

The total amount of fines declined by 39.1 percent, and their numbers - by 44 percent in Azerbaijan in January-February 2010 compared to the corresponding period in 2009, the State Committee on Securities reported.

During the reporting period, the State Committee received 35 applications and six appeals. The committee also received complaints concerning the violations of investors' rights towards 237 joint stock companies compared to 334 joint stock companies during the same period in 2008.

About 9 sanctions worth 1,950 manat were imposed compared to 16 penalties worth 3,200 manat for two months in 2009.

As of March 19, the official exchange rate is 0.8033 manat to $1.

Latest

Latest