The Federal Financial Marker Service decided to annul the license of Neva Financial & Industrial Group. The license used to entitle the company to performing brokerage and dealing operations as well as security transactions.

The decision had to be taken because of Neva’s numerous violations of the Russian securities legislation throughout one year. These offenses involved violations of the Federal Financial Marker Service’s regulations.

What is more, the Service has also canceled the qualification certificates issued to the company’s General Director Vitaliy Davidovitch and General Accountant Artur Nozhnenko.