October 28, 2011

Kingdom licenses newest advisory firm


The Securities and Exchange Commission of Cambodia approved yesterday a license to IRIS Securities to be the 13th securities investment advisory firm in the Kingdom’s budding capital market. The approval licence came during a board meeting yesterday in which SECC director general Ming Bankosal welcomed the newcomer to the industry. “We are open to having more advisory firms. They help to educate people and promote Cambodia. We don’t limit the number of underwriters, dealers or brokers because our market is small,” he said.

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