Article 9 of the LMV establishes that intermediation with securities registered in the Registry may only be provided by authorized financial entities.
Monex also received a fine of 5.7 million pesos, although in his case, the offense was not considered serious.
Other brokerage houses and investment advisers also receive fines
Other brokerage firms such as Vector received the highest sanction: 6.75 million pesos for failing to deliver information on time during seven months of 2019. For the same reason, brokerage firms such as Barclays and Merrill Lynch received fines of 1.7 million pesos. pesos and 844,900 pesos, respectively.
Black WallStreet Capital, a firm dedicated to investment advice, was sanctioned with 806,000 pesos for not having guidelines for the dissemination of the products they offer as well as the commissions they charge.
Alejandro Castor Vera Trejo, a former employee of the Mexican Stock Exchange, was also fined 806,000 pesos for not submitting regulatory reports to the authority in the manner and terms established.
