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Colombia regulator takes control of Interbolsa due to squeeze

Friday, 2 Nov 2012 | 1:07 PM ET

BOGOTA, Nov 2 (Reuters) - Colombia's regulator said on Friday that it was taking administrative control over the country's biggest stock brokerage, Interbolsa, over a liquidity problem.

The company, which executes a third of the daily operations on the stock exchange, said on Thursday that it had a ``temporary liquidity constraint'' but continued to operate normally; the announcement caused its shares to plunge 30 percent.

(Reporting by Bogota Newsroom; Editing by Gerald E. McCormick)