CmaBoardReleases
Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Capital Market Prosecution
The Capital Markets Authority announces submitting a report to the Attorney General on 12/01/2023 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, Article (125) of Law No. 7 of 2010 and its amendments, and the provision of Articles No. (231 and 257) of Law No. 16 of 1961 promulgating of the Penal Code. The defendant used (website - Twitter application) to practice securities activities (securities broker) and to make investment offers for trading and call for investment without obtaining the required licenses from the Authority and claiming, contrary to reality, that he possesses a valid license issued by the Capital Markets Authority.