CMA announces the referral of a suspicion of violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct Regulations to the Bureau of Investigation and Public Prosecution.

Thursday, May 07, 2015 at 12:00 AM

2015-05-07 (1436/07/18) 15:50:00 As part of the CMA’s efforts to protect citizens and investors form unfair and unsound practices involving cheating, fraud and manipulation and as part of its efforts to ensure transparency and justice on securities business, and based on Article (17) of the Capital Market Law, CMA would like to inform the investors and participants in the Capital Market that a CMA Board resolution was issued to refer a suspicion of a violation to the Bureau of Investigation and Public Prosecution. Two investor were suspected of violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct when they were trading the shares of some listed companies. To review the securities and the dates on which the suspected trading occurred,Click Here