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Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Capital Market Prosecution
Date Publish
27 March 2023
The Capital Markets Authority (CMA) announces submitting a report to the Attorney General on 26/03/2023 regarding the occurrence of the crimes stipulated in Article (63) of Law No. 7 of 2010 and its amendments, criminalized by Item (1) of Article (126) of the same Law, and Article (125) of Law No. 7 of 2010 and its amendments, and Articles No. (231 and 257) of Law No. 16 of 1961 promulgating the Penal Code. The defendant used a website to practice securities activities (Securities Broker) without obtaining the necessary licenses from the CMA and claimed – contrary to the truth – that he holds a valid license to practice securities activities issued by the CMA. He also used the official name and logo of the CMA within a fake document for the purpose of misleading the recipient of the veracity of the document and with the intention of using it for a different purpose in order to inflict harm to others.
Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
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