Securities Commission has dissatisfied requests from Lifosa AB shareholders

02/04/2010 | LSC desicions

On 1 April, 2010 Securities Commission of the Republic of Lithuania in its ordinary meeting dissatisfied requests from Lifosa AB shareholders.

Vilius Šapoka appointed as Chairman of the Commission

10/12/2009 | Other

On 10 of December, 2009, the Parliament of the Republic of Lithuania upon the submission of the President appointed Vilius Šapoka as chairman of the Lithuanian Securities Commission.

Vilija Nausėdaitė resigned

09/11/2009 | Other

On 6 of November 2009, Vilija Nausėdaitė, the chairwoman of the Lithuanian Securities Commission, resigned.

MP Investment Bank obligated to eliminate the infringements

03/07/2009 | LSC desicions

The closed meeting of the Securities Commission held on 26 June 2009 decided to obligate MP Investment Bank established in Iceland and engaged in the provision of investment services both by virtue of the freedom to provide services and through the branch of the Bank established in Lithuania, to eliminate the infringements of the legal acts of the Republic of Lithuania governing the provision of investment services and notify the Securities Commission of the actions taken to rectify the situation.

Sanction upon Bronislovas Lubys, Chairman of the Board of AB Klaipėdos jūrų krovinių kompanija

02/07/2009 | LSC desicions

On 30 June 2009, the Securities Commission imposed the fine in the amount of LTL 1,100 upon Bronislavas Lubys, Chairman of the Board of AB Klaipėdos jūrų krovinių kompanija for the infringement of Article 62(4) of the Law on Markets in Financial Instruments.

AB Agrowill Group fined for the failure to properly disclose investor information

01/07/2009 | LSC desicions

In its closed meeting of 26 June 2009, the Securities Commission (LSC) decided to impose a LTL 18,000 fine upon AB Agrowill Group for its failure to properly disclose the relevant information to investors thus infringing the requirement established in the Law on Securities to immediately and in an established manner to disclose the information about each material event.

AB Snaigė fined LTL 10,000 for failure to carry out the obligations of the LSC

30/06/2009 | LSC desicions

In its closed meeting of 26 June 2009, the Securities Commission imposed a LTL 10,000 fine upon AB Snaigė for the failure to properly carry out the obligation to retrospectively correct the corporate financial statements according to the requirements of the International Accounting Standards.

UAB Makveta fined LTL 8,600 for market manipulation

30/06/2009 | LSC desicions

At its closed meeting of 29 June 2009, the Securities Commission (LSC) imposed a fine of LTL 8,600 upon UAB Makveta for market manipulation.

UAB FBF "SG finansai" licence revoked

26/06/2009 | LSC desicions

In response to the request of the financial brokerage firm UAB FBF “SG finansai“ and acting in accordance with the requirements of Article 8(1) of the Law on Markets in Financial Instruments at its meeting of 26 June 2009 the Securities Commission decided to revoke the validity of the B category licence No. B095 issued on 28 March 2003 to UAB FBF “SG finansai“. UAB FBF “SG finansai“ remains authorised to continue its activities not subject to the licensing requirement.

LTL 2,700 fine upon the former manager of the management company

18/06/2009 | LSC desicions

On 16 June 2009, the Securities Commission imposed a fine of LTL 2,700 upon Evaldas Jurevičius, former manager of the management company UAB JT investicijų valdymas.