Sinteza's license revoked

The Securities Commission revoked a license from the broker-dealer company Sinteza Invest Group a.d. Beograd as a consequence of irregularities and illegalities in the company’s activities. The company is removed from the register of issued broker-dealer company licenses.

The accounts of financial instruments, issue accounts and cash accounts of clients who did not select and indicate an investment firm, were transferred to the accounts of Ilirika Investments, free of charge.

The decision also suspended the license of the company broker Mr Miroslav Radaković, who is suspended from providing investment services and performing the activities of a broker for a period of six months.