Elektra reported this afternoon that the National Banking and Securities Commission (CNBV) violated a precautionary measure issued by the Federal Court of Administrative Justice, which ruled that the regulator could not suspend its operations on the Mexican Stock Exchange (BMV) until his trial was not concluded.
“Today the CNBV was notified by the Jurisdictional Bulletin (…) where the CNBV itself is ordered to maintain the suspension until the (…) trial is concluded,” said Ricardo Salinas Pliego’s company in a document. sent to the BMV.
The precautionary measure, which was delivered by the Court’s Specialized Environmental and Regulatory Matters Chamber, responded to the administrative litigation filed with file number 4664/24-EAR-01-6.
“At the moment and despite having timely and respectfully informed about the existence of the aforementioned precautionary measure, the Mexican Stock Exchange and the CNBV have lifted the suspension of the trading of Elektra securities,” added the retailer.
Read: BMV suspends the listing of Grupo Elektra, owned by magnate Ricardo Salinas, again
Last Friday, the company reported that the regulator and the stock exchange suspended the company’s stock operations, they had just returned to operating in the national market.
The strike, according to Elektra, caused “extraordinary movements” in the positions of the station’s securities during the auction stage.
“Generating the breaking of static ranges and the consequent suspensions in the trading of securities, both on Friday, November 22, on Monday, November 25, and today, Tuesday, November 26,” the company noted.
He added that he will “emphatically” insist that the requested precautionary measure is intended to protect the investing public by preventing the existence of conditions contrary to healthy market customs or practices.
“A careful call is made to the CNBV and the BMV to act in compliance with their obligations in pursuit of the same objective,” concluded Elektra.
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