Colombian regulators seized control of Interbolsa’s brokerage arm, Colombia’s largest brokerage firm, after severe cash flow problems prevented the firm from following through on payment.

Allaying fear, President Juan Manuel Santos assured investors that their monies would not be lost, but rather transferred from Interbolsa to another brokerage firm.

The liquidity problems of the 22-year-old brokerage firm that started in Antioquia resulted from an aggressive, high-risk strategy.

“We have taken advantage of the moments the market has given us. And the greatest merit has been the capacity to let us assume risks,” Rodrigo Jaramillo, Interbolsa’s president, told El Tiempo earlier this year.

Gerardo Hernandez told Bloomberg that regulators were debating whether or not to liquidate the firm and facilitate a merger where the assets and liabilities will be assumed by another firm.

Even though investor worry is justified, Jaramillo says that the strength and solvency of Interbolsa is not in question and that clients’ assets are not at risk.