Party Committee of the Securities Commission: Ensuring the market operates stably

Securities Commission The State has just received information about the violations pointed out by the Central Inspection Commission, and affirmed that it will still ensure the stock market operates stably and smoothly.

Accordingly, the Party Committee of the State Securities Commission will abide by the decisions of the competent authorities, seriously learn from experience to jointly overcome the violations and shortcomings that have been approved by the Central Inspection Commission. pointed out, and at the same time is directing the State Securities Commission and the unit to perform well the ideological and political work, to concentrate highly to complete the assigned tasks, to ensure the stable operation of the stock market, transparent, safe and sustainable development.

Previously, the Central Inspection Committee, on the afternoon of March 31, 2022, the Central Inspection Committee released a press release of the 13th session, which took place from March 28 to March 31, 2022 in Hanoi.

According to the press release, at this meeting, the Central Inspection Committee considered and concluded a number of contents, in which point III reads: “Considering inspection results when there are signs of violation. for the Party Committee of the State Securities Commission for the term 2015 – 2020”.

The Central Inspection Committee found that: the Party Committee of the State Securities Commission had violated the principle of democratic centralism and the working regulations; lack of responsibility, loose leadership and direction, lack of inspection and supervision, so that some organizations and individuals under the State Securities Commission have many violations and shortcomings in advising on institutional building, policies and perform the state management of securities activities and the securities market, so that a number of organizations and individuals violate the law, manipulate the market, and gain illicit profits.

The above violations have caused serious consequences, negatively affecting the stock market, reducing investor confidence, the reputation of party organizations and the State Securities Commission, causing frustration in the society. society, to the point of consideration and disciplinary action.

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