Colombian regulators take over troubled brokerage

Colombia’s financial regulators will take over Interbolsa’s brokerage unit after the company said it is facing a “temporary” funding shortage.

The stock exchange suspended trading in Interbolsa for five working days, according to a statement on its website, after the shares plunged a record 30 percent yesterday because of concerns about the company’s financial situation.

Authorities set an initial period of two months to decide whether to liquidate the company.



Source: Bloomberg