CmaBoardReleases
Title: Announcement regarding issuance of Disciplinary Board Resolution No. (47/2022 Disciplinary Board) (19/2022 Authority) and the imposition of a fine against: Cap Corp Investment Company for violating the rules of Securities Activities and Registered Persons
Announcement regarding issuance of Disciplinary Board Resolution No. (47/2022 Disciplinary Board) (19/2022 Authority) and the imposition of a fine against: Cap Corp Investment Company for violating the rules of Securities Activities and Registered Persons.
For the following reasons:
The Company did not fill the position of Investment Advisor since its vacancy on 30/6/2021 and did not fill this position during the legal period of its vacancy despite the expiration of this period on 30/12/2021.
The Resolution included the infliction of the following penalty: -
“Cap Corp Investment Company is fined an amount of two thousand Dinars for the attributed violation.”
In this regard, the CMA emphasizes the implementation of CMA Law and its Executive Bylaws on all persons dealing in securities activities, and urges them to comply with these rules in order to promote investors' confidence, create a sound investment environment, and implement the Law according to the principles of fairness, transparency, and integrity in line with the best international practice.