Citibank Costa Rica Eliminates Stock Brokerage Services

From August 31 onwards the entity will no longer provide stock brokerage services.

Thursday, August 27, 2009

“The stock broker was named 'Citi Valores Accival'. This brokerage began operations in 1988 under the name 'BFA Valores'. On March 6, 2000, it changed its name to 'Valores Cuscatlán Puesto de Bolsa', and in 2008, Citivalores and Cuscatán merged, becoming 'Citi Valores Accival'”, reports

More on this topic

Panama: Brokerage Firm's License Suspended

July 2016

For breaching the Securities Market Law an order has been given to indefinitely suspend the operations of the brokerage firm FDG Wealth Management.

From the resolution given by the Superintendency of Securities in Panama:

First: Order the indefinite suspension of the stock broker license which was granted by Resolution SMV No 34-2014 of 24 January 2014, until the stock broker firm FDG Wealth Management remedies breaches to the Stock Market Act that led to the suspension and to the Superintendency of securities adopting other measures. 

Colombian Stock Exchange Operator Opens Office in Panama

August 2011

The stock brokerage firm, Corredores Asociados, will open an office in Panama City in October.

The company already has permits from the Financial Supervisory Authority said Alberto Escobar, vice president of asset management for Corredores Asociados, who added, "A year ago it was decided to get into this market, an idea born of the spirit of enterprise to think big and open new lines of international business and to gain parity with our competitors. "

New Securities Broker in Panama

August 2010

Plus Capital Market Inc. has begun operations in the Panamanian market after being approved by the country's National Securities Commission.

The National Securities Commission approved the company's request on 12 March with License Number 77-2010.

"Plus Capital Market Inc.

Panamanian Securities Market Grows, Becomes More Foreign Owned

January 2010

In 2009, the market traded almost $44 billion, 34% more than the volume traded in 2008.

At present, there are 52 stock brokers operating in the country. Most of the new entrants in 2009 were foreign-owned operations.

Juan Martans, President of the National Securities Commission (CNV), explained to that "international transactions account for the largest share of traded volume.

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