In the first half of 2016, investors and clients have reported 116 complaints and complaints to the Financial Regulatory Commission on entities operating in the securities sector. 109 of these have been reviewed and enforced in accordance with laws and regulations, and 7 of them are being review stage.
Core complaints as following, complaints regarding share dividends, shares percentage and activities, securities registration, brokerage and dealer companies are subject to sold their client’s shares without permission. There have also been numerous complaints and complaints regarding the listing, stock companies address and shareholders’ meeting decisions and the dividend information.
Total complaints of 43 percentage of 12 brokerage and dealer companies are still have operation license and involved subject to sold their client’s shares without permission and rest of the 57 percentage of brokerage and dealer companies does not have license to engage in business activities is related to the abolished brokerage company.
Source: www.frc.mn