Chief Of Ukraine's Securities & Exchange Commission May Be Dismissed

Ukraine’s Supreme Business Court ruled yesterday that Securities and Exchange Commission chief Anatoli Baliuk holds the post unlawfully. The court said Baliuk was appointed SEC head while he was a member of Ukrnafta’s supervisory board, which is not permitted by law. Baliuk may appeal the court ruling.  Concorde Capital:  Baliuk’s possible dismissal will have no immediate impact on Ukraine?s stock market.  However, he has done very little to improve the equities market during his tenure and a change, for any reason, would be positive and could bring about market reform.