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BroCo Investments held a press conference at RIA NOVOSTI

18 March 2010

BroCo Investments, with support of Poleznyie Svyazy Communications Agency, held a press conference at RIA NOVOSTI, about the freezing of one of the brokerage’s accounts by the US Securities and Exchange Commission (SEC). US SEC claims that, as a result of a number of investors’ accounts hacking, BroCo Investments received illegal income. A video bridge was held during the press-conference to allow BroCo Investments`s headquarters in Cyprus to provide an input. In the course of the video bridge, the company’s management reported that the broker’s security service identified a client who engaged in manipulations on the New York Stock Exchange, which resulted in the regulator’s unjustified claims against BroCo Investments. In the evening on March 18, after the press conference, the US SEC contacted the broker for the purpose of removing the freeze from the company’s account