OREANDA-NEWS. July 16, 2009. The Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) released a statement at its website http://www.afn.kz, reported the press-centre of KASE:

Quotation beginning

As the revision of operation of Alan Securities (former - Perviy Brokerskiy Dom) disclosed systemic violation of the legislation of the Republic of Kazakhstan, regulating the securities market activities, resolutions No. 158 and No. 159 of the AFS Board dated July 7, 2009 specify to deprive Alan Securities of licenses No. 0401201975 and No. 0403200983 for brokerage and dealer activities on the securities market with a right to maintain client accounts in the capacity of nominal holder and activities on portfolio investment management issued to Alan Securities July 17, 2008. The licenses are invalid after the decisions brought to notice of Alan Securities, specifically July 10, 2009.