In the following three months, BCR Securities will not be allowed to engage in any financial investment activities that exceed €125,000, in order to meet the limits of its own funds.
BCR Securities will thus be banned from making any investment based on a firm commitment or conduct any transactions. At the same time, SSIF’s leveraging will be suspended.
However, other services offered by BCR Securities such as the execution of buy orders, asset management and investment advisory are not subject to RNSC’s decision.
BCR Securities was ranked third largest stockbroking firm at Bucharest Stock Exchange in August, with transactions of 11 mln lei. BCR Securities is the stockbroking division of BCR group and is the result of the merger of two companies where BCR was shareholder.
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