Azerbaijan, Baku, April 26 / Trend, A. Akhundov /
In the first quarter of this year, the State Securities Committee (SSC) of Azerbaijan revealed serious law violations in the activities of 60 joint-stock companies and issued administrative fines amounting to 2,050 manat, the Committee's report on the result of 2013 released on Friday said.
For the elimination of the revealed violations in the reporting period, the Committee presented prescriptions of the compulsory execution of 12 joint-stock companies.
In the first quarter, the Committee received 94 complaints and nine appeals in respect of 333 joint-stock companies.
During the reporting period, the SSC issued eight certificates of specialization on four types of activities, as well as renewed three broker and two dealer licenses in connection with the expiration of their validity terms. In the first quarter, there were 34 valid licenses for professional activity in the securities market.
The official exchange rate for April 26 is 0.7846 AZN / USD.