US EditionAbsorb Finamex Vector Accounts and Assets
17 Articles
17 Articles
After U.S. allegations of alleged money laundering, the stock exchange Vector agreed with its counterpart Finamex to transfer order accounts from the stock exchange intermediary, as well as the acquisition of its investment fund business.
Mexico City, Oct 1 (EFE).- The firm Vector Casa de Bolsa, one of the three Mexican financial institutions together with CI Banco e Intercam, indicated by the U.S. Treasury Department for allegedly participating in a money laundering network linked to fentanyl drug trafficking, agreed with the Finamex Stock Exchange to transfer investment accounts and sell its fund operator. According to a statement sent Wednesday to the Mexican Stock Exchange (M…
Finamex formalized certain agreements with Vector Casa de Bolsa to acquire some of its accounts and investment funds, communicated the stock exchange institution. According to a document published in the Mexican Stock Exchange (BMV), Finamex detailed that the accounts of customers that meet the eligibility criteria set out in those agreements with Vector will be transferred. “Additionally and as part of the agreements reached, Finamex will acqui…
After discarding a merger or acquisition of the license or of the joint stock company, Vector Casa de Bolsa announced the transfer of the portfolio and its assets to Finamex Casa de Bolsa. Alfonso Romo Garza’s intermediary, which is now being intervened by the National Banking and Securities Commission (CNBV), made the announcement in a statement in which he argues that the measure allows to protect its clients since their accounts would be in a…
Less than days after the fatal deadline granted by FinCEN, Vector Casa de Bolsa found in the also Finamex stock exchange a breath of air. The institution agreed to transfer the assets of its customers to its competitor, an operation with which it seeks to preserve the integrity of the investments of its customers. Generally speaking, Finamex will receive the investment accounts of Vector customers that meet some eligibility criteria. It will als…
The financial firm clarified that this is not a merger or acquisition of the company, but only the transfer of portfolio and customer assets to Finamex Casa de Bolsa.
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