The Bank of Latvia’s Supervision Committee decided on Sept. 16 to license SIA IBC INVEST to provide investment and ancillary investment services. The authorization covers receiving, transmitting and executing client orders, dealing on own account, portfolio management and placing financial instruments without a firm commitment. The firm may also hold financial instruments and provide services related to underwriting. It is the third investment firm licensed by the Bank of Latvia this year, bringing the total number of authorized investment firms in Latvia to 13.