FCSM replenishes the budget at the expense of issuers The Federal Securities Commission (FCSM) yesterday imposed fines on 126 companies of various sizes. The reason for the FCSM's dissatisfaction is that issuers are delaying reporting for the second quarter. The list of fines includes mostly provincials, with only a few Muscovites. Such well-known companies as Gazprom, Rostelecom, YUKOS, Aeroflot, MGTS, Vnukovo Airlines and others did not escape the sad fate.