Deputies of the Verkhovna Rada drew attention to the personnel composition of the leadership of the National Securities and Stock Market Commission (NSSMC), which, according to them, led to the decline of the stock market and numerous scandals.
These are Ruslan Magomedov, the head of the Commission, who since 2020 has been a freelance advisor to the former head of the President's Office, Andriy Yermak, and Mykhailo Yanchuk, the former head of the NSSMC office, who allegedly participated in a fictitious business trip to Finland for the New Year holidays.
The deputies emphasize that the personnel policy of the NSSMC has turned the Commission into a "caricature body", and the stock market has fallen into decline due to the "efforts" of the management. In particular, during the recruitment of personnel, the head of the Commission involved people who had problems with corruption and were dismissed from state bodies.
Parliamentarians called for a decision to purge the Commission of "alternatively gifted leadership" and hold those responsible accountable in order to restore the work of the financial regulator and investor confidence.
The scandal involving the leadership of the National Securities and Markets Commission (NSSMC) highlights the problems of public governance and the need to reform Ukraine's key financial institutions.
