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PSZÁF fines Biztonság Invest Ft 1.5 mln

The State Financial Supervisory Authority (PSZÁF) has fined brokerage Biztonság Invest Rt Ft 1.5 million for failing to follow regulations, PSZÁF announced in capital market gazette Magyar Tőkepiac on Tuesday. The watchdog discovered the shortcomings following an audit. PSZÁF ordered Biztonság Invest to observe the rules regarding the separate management of client receivables and accounts, and to register its orders appropriately.