CAMMB Unifies Stock
The Costa Rican stock broker purchased all preferred stock from former partner CLF CRC Latin America.
Tuesday, July 14, 2009
The company Central America Money Market (CAMMB) purchased the entire share of former partner CLF CRC Latin America, as the head office of CLF in Trinidad and Tobago was bailed out by the Trinidadian government.
The stock market authorities have ordered the reorganization of the brokerage firm, after it was included in the US Treasury Department's Clinton List.
For breaching the Securities Market Law an order has been given to indefinitely suspend the operations of the brokerage firm FDG Wealth Management.
Plus Capital Market Inc. has begun operations in the Panamanian market after being approved by the country's National Securities Commission.
From August 31 onwards the entity will no longer provide stock brokerage services.
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