Bloomberg News

Colombia Orders Liquidation of Brokerage Proyectar Valores SA

October 05, 2011

Oct. 5 (Bloomberg) -- Colombia’s financial regulator ordered the liquidation of brokerage Proyectar Valores SA, it said in a statement today.

The regulator, which put the Medellin-based brokerage under heightened supervision May 27, said in the statement Proyectar Valores’s “financial and administrative situation makes it unfeasible for the firm to continue operating.”

--Editors: Glenn J. Kalinoski, Richard Richtmyer

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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