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 13/10/2022 occurrence of the crime stipulated in Article (63) of Law No. 7 of 2010 and its amendments, criminalized by the provision of Item (1) of Article (126) of the same Law and the provision of Article (1-27-1) of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law 7 of 2010 and its amendments. The two defendants published several advertisements about an investment opportunity and financial returns, and published advertisements and videos related to analysis/recommendations of shares listed on Boursa Kuwait Securities Exchange through their electronic social media account in (Instagram) application and in electronic newspapers.