CmaBoardReleases
Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Capital Market Prosecution
The Capital Markets Authority announces reporting to the Capital Market Prosecution on 28/11/2021 occurrence of the crime provided for in Item No. (2) of Article (63) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its amendments, criminalized by Item (1) of Article (126) of the same Law. The defendant (Advisory Company) practiced the activity of investment advisor without being licensed by the Authority, by exploiting its website for marketing and advertising about providing advice and services to investors in the Securities Exchange, and analyzing the shares of listed companies and other advisory services that require a license from the Authority to practice. It also publishes misleading information to the public under the name of economic studies and analysis.