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Recently, the Inspectorate of the State Securities Commission (SSC) issued Decision No. 500/QĐ-XPHC on administrative penalties in the securities and stock market sector against EVS Securities Joint Stock Company (EVS Securities).
Accordingly, EVS Securities was fined VND 60 million for employing individuals without securities practice certificates to perform tasks requiring such certification. Specifically, from January 1, 2023, to November 6, 2025, the company assigned employees without securities practice certificates to positions that legally require them.
The company was also fined VND 125 million for violating investment restrictions applicable to securities companies. From September 22 to 25, 2025, EVS Securities invested in 4,130,000 shares of G-Automobile Joint Stock Company (Stock Code: GMA), representing 20.65% of the outstanding shares.
A fine of VND 40 million was imposed for failing to register as a clearing member within the stipulated timeframe. As of November 6, 2025, the company had not completed the registration as a clearing member for derivative securities. Additionally, EVS Securities faced a two-month suspension of derivative securities clearing and settlement activities for this violation.
The SSC also imposed administrative fines on EVS Securities totaling VND 65 million for violating margin trading account opening regulations (from January 1, 2023, to November 6, 2025, the company opened margin trading accounts for its insiders); VND 275 million for failing to ensure that private bond issuance dossiers contained all required information (some bond issuance dossiers advised by the company lacked mandatory content); VND 60 million for late submission of the 2023 Online Securities Trading Activity Report to the SSC; and VND 60 million for delayed disclosure of Resolution No. 01A/2025/NQ-HĐQT dated January 3, 2025, regarding a contract/transaction between the company and a board member.
The company was further fined VND 275 million for providing services requiring prior reporting to the SSC without doing so or without receiving written approval from the SSC or relevant state authorities. Specifically, from January 1, 2023, to September 17, 2025, EVS Securities offered an Elending product allowing customers to borrow against their securities trading accounts without the necessary reporting or approvals.
A fine of VND 175 million was levied for inaccurate reporting of available capital ratios in financial safety reports as of September 30, October 31, November 30, and December 31, 2024; and January 31, February 28, March 31, April 30, May 31, June 30, July 31, August 31, and September 30, 2025.
The company is required to submit accurate information reports in accordance with Article 43, Clause 4 of Decree No. 156/2020/NĐ-CP, as amended by Clause 34, Point c, Article 1 of Decree No. 128/2021/NĐ-CP.
The total fines imposed on EVS Securities amount to VND 1.135 billion.
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