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, September 17, 2015 at 5:20 PM
2015-09-17 (1436/12/04) 17:20:18
As part of the Capital Market Authority responsibilities to protect citizens and investors from unfair and unsound practices involving cheating, fraud and manipulation. In addition, to ensure fairness, efficiency and transparency in securities transactions, and based on Article (17) of the Capital Market Law, the 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. An investor was suspected of violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct Regulations while trading the shares of a number of companies listed on the Saudi Stock Exchange.
(To view the securities and the dates on which the suspected trading occurred, Click Here )