15/09/2015
Jaspen Capital Partners, a leading investment company in Ukraine, today announces approval of the final settlement with the United States Securities and Exchange Commission.
The SEC investigation had focused on certain trading patterns attributed to Jaspen, patterns that since have been discontinued. While neither admitting nor denying the SEC’s allegations, Jaspen has undertaken an internal review of its internal procedures in order to move beyond this event and focus on its core strengths. The settlement provides for a civil monetary penalty that Jaspen shall pay with immediate effect, but it does not impose any restrictions on Jaspen’s normal business activities.
Jaspen is in the process of instituting new internal procedures and protocols that focus on maximizing the company’s strengths while addressing the issues described in the SEC order. The company looks forward to continuing its fast growth while putting this incident behind it.
Andrey Supranonok, CEO of Jaspen Capital Partners, stated:
With today's settlement, we have put this regrettable legacy matter behind us and are dedicated to continuing our tradition as the most active and fast growing investment company in Ukraine. We have learned some hard lessons, and we are a stronger company as a result. By reaching this final settlement with the SEC, we now have the opportunity to restore our bond of trust with the market. My colleagues and I all share the same vision and the same mission – which is to focus on maximizing returns for our clients and to make it clear that we are their best ally in the market.
During the four years of Jaspen Capital Partner’s existence, we quickly have earned the status of Ukraine’s most active investment company in the public markets by way of deals, as well as one of its largest trading companies in dollar value. This was no easy task, and it has been due to the strong individuals and ideas within our company. These strengths are entirely separate from the activities related to the SEC matter. We are already focused on new business opportunities, talking to new clients, continuing to grow our large current business lines, and turning the page.
