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 Public Prosecution
Wednesday, April 22, 2020 at 2:24 PM
Wed Apr 22, 2020 14:24
In line with the Capital Market Authority’s (CMA) responsibilities to protect the market from unfair and unsound practices involving cheating, fraud and manipulation, and 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 violation suspicion (of two investors) of Article (49) of the Capital Market Law and Article (2) of the Market Conduct Regulations to the Public Prosecution, for their suspicious trading in the shares of a number of companies listed on the Exchange, and the units of two real-estate investment traded funds. The Capital Market Authority insures its devotion to apply the Capital Market Law and its Implementing Regulations as well as protect the investors from illegal acts. Whoever is affected by these acts can file a suit for compensation to the committee as per Article 57 of the Capital Market Law. This must be proceeded by a complaint filed to the CMA.
To view the securities and the dates on which the suspected trading occurred