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PSzÁF orders sale of SQS stake by owner in custody

Hungarian financial market regulator PSzÁF said it ordered the private individual Marek Podlipny to sell his stake in financial services company SQS because he “lacked a good business reputation”.

Podlipny is a former manager of Capital Partners, a Czech investment service provider which PSzÁF shut down after it found the company had broken laws. He is currently in custody. (MTI – Econews)