* "The authorities must follow the money", Dan Paul recommends
The victims of "Harinvest" must get their money back quickly, to wash away the shame of the stock market, said Dan Paul, the president of the Association of Brokers and vice-president of the Bucharest Stock Exchange, in an exclusive interview.
Dan Paul considers that all the guilty parties have to be found and removed from the market.
Reporter: You have experience with the stock market. From your point of view, who are the guilty parties in the case of Harinvest?
Dan Paul: "Harinvest" couldn't have done the trades on its own. It had several accomplices. All of them must be found and removed from the market in the harshest manner stipulated in the law.
Reporter: Do you think there have been deficiencies in the oversight of the market?
Dan Paul: I can't say yet, because I do not have a full report on the trades made by "Harinvest". I do not have a full picture of what happened. The Bucharest Stock Exchange has a supervision department, and those sell-out trades get done through the Central Depository and the Stock Exchange.
I want to tell you that the sell-outs are exceptions. They are not something that gets used by everybody, everyday. We need to separate the exceptional trades from the thefts. Somebody should have noted the frequency of these trades at "Harinvest" and start asking questions.
Reporter: We have information from sources, that the BSE and the Depository have notified the ASF about these trades.
Dan Paul: Informally, I have heard the same thing. I can't make a statement until I see how and in what manner the notifications were done. It needs to be seen at what level they were done, which articles of the law and regulations were used as a justification, the procedure that was followed.
Things need to be reviewed with care and
