For breaching the Securities Market Law an order has been given to indefinitely suspend the operations of the brokerage firm FDG Wealth Management.

From the resolution given by the Superintendency of Securities in Panama:

First: Order the indefinite suspension of the stock broker license which was granted by Resolution SMV No 34-2014 of 24 January 2014, until the stock broker firm FDG Wealth Management remedies breaches to the Stock Market Act that led to the suspension and to the Superintendency of securities adopting other measures.

Second: WARN that from the Modification of this resolution, the Stock Brokerage firm FDG Wealth Management is forbidden from performing stock brokering activities, for which it was awarded the corresponding license, until it rectifies all of the anomalies detected or the Superintendency of Securities orders another measure. “