* The Central Depository had used 500,000 Euros out of the Guarantee Fund because "Harinvest" did not have the money to settle the trades
* Investors are complaining that the brokerage firm did unauthorized sales in their name
* Victims say that the bosses of "Harinvest" can't be found
* The ASF has notified the competent institutions
The case of "Harinvest", the brokerage firm which was suspended for three months, because it did not have the money to settle some trades, is proving a lot more serious then it initially appeared.
One of the clients of the brokerage firm from Râmnicu Vâlcea claims that he was left without money and shares in his accounts, according to some market sources. The total losses allegedly amount to 2 million Euros.
Furthermore, the investors in question were allegedly heard yesterday by the criminal investigation bodies, as some of them were not even aware of the existence of the Financial Supervision Authority (ASF).
The representatives of the ASF last night told us that they have notified the competent authorities after November's investigation at "Harinvest", even though in 2012 the brokerage firm had already been sanctioned for using the money of some of its customers to cover the trades of others.
The officials of the ASF said: "The most recent audit of the Financial Oversight Authority (ASF) at Harinvest was initiated in mid-November (November 15th - December 27th). Immediately after the audit ended, the ASF suspended the operating license of Harinvest for a period of 90 days. The ASF has also uncovered sufficient reason to notify the competent authorities, in the case of Harinvest, which it has actually done. The findings of the entire audit will be discussed with appropriate celerity, and the Financial Oversight Authority will debate all the measures which are required following the find
