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GAAP.RUNewsFFMS of Russia searching for “fly-by-night” companies again

FFMS of Russia searching for “fly-by-night” companies again

Publication date: 26 February 2010

The Federal Financial Markets Service (FFMS) has renewed its efforts to find all “fly-by-night” companies on the financial market. To demonstrate that this time it is serious, the regulator suspended all operations of ten professional market participants.

The Federal Financial Markets Service (FFMS) is cleaning Russia’s financial markets from “fly-by-night” companies together with the Bank of Russia.