Bolsa Mexicana Fined 2.8 Million Pesos, Securities Agency Says

Bolsa Mexicana de Valores SAB was fined 2.8 million pesos ($205,000), and its chief executive was fined 548,000 pesos, after failing to disclose relevant information to the market at the appropriate time, Mexico’s securities regulator said on its website.

Bolsa Mexicana said Dec. 16 that CEO Luis Tellez was fined by the regulator, without disclosing the amount, because it failed to disclose talks on a partnership even as the stock-exchange operator’s shares surged.

The securities agency also disclosed fines assessed last year to Metrofinanciera SAPI for 200,034 pesos, to Alsea SAB for 10,518 pesos and to Carso Infraestructura y Construccion SAB for 20,288 pesos, for various rule violations. Corp. Actinver SAB and HSBC Holdings Plc’s Mexican brokerage each got fines totaling more than 100,000 pesos, the agency said today.

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