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Sharelink back “on floor”

04/02/2009 14:44
The Securities and Exchange Commission lifted the suspension of the operational license of Sharelink Securities and Financial Services, few days after its decision for a 15-day suspension. According to the announcement, “the Company assumed to proceed with all the necessary arrangements and adjustments in order to rectify the weaknesses in its organizational structure, its systems and its procedures for better operation of the Company and for the investors’ protection”.

The Company, without accepting any legal responsibility, has assumed the introduction of a fund for speedy compensation of losses of the customers that might be affected by the actions of a specific employee of the Company.

“The Commission will monitor closely the matter with the purpose of ensuring the true and timely implementation of the above commitments”, the announcement said.

On January 29, the SEC suspended the operational license of Sharelink Sec. due to the alleged forgery of documents on behalf an employee.