AFS Stopped Action of PAIMO Bailyk Asset Management License
OREANDA-NEWS. On February 29, 2008 Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations (AFS) had published on its web site the informative message of the next type, reported the press-centre of KASE:
By Resolution of Board of Agency dated February 26, 2008 #23 was stopped for six months' term the action of license of PAIMO Bailyk Asset Management JSC (daughter organization of Eurasian bank JSC) for conduction of broker and dealer activities without the right of maintenance of clients' accounts as nominal holder, given to it on November 15, 2007 under # 0402200331, because of violation of closing deals with securities.
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