CmaBoardReleases
Title: Announcement Regarding the Issuance of a Disciplinary Board Resolution
Capital Markets Authority announces the issuance of a Disciplinary Board Resolution on Thursday 10/7/2014 under violation No. (1/2014) Disciplinary Board.
Filed against:
1- Esam Ibrahim Abu Khamsin acting as a natural guardian of his minor son (Bader). 2- Kholoud Hassan Mohammed Al-Herz. 3- Ahmed Rajab Khodhair Saleh. 4- Broker/ Nora Salem Sulaiman Al-Romi.
The Board Resolved the Following:
First: Suspending defendants from the first to the third from trading; direct or indirect purchasing and/or selling, whether for their own account or for the account of others for six months, and ordering to cancel the deals related to the violation which are made after 11/3/2013 if possible, according to the period, conditions, and controls set forth by the Authority without harming the rights of parties acting in good faith.
Second: Suspending the fourth defendant from practicing brokerage for three months.
Third: Notifying the concerned parties with this Resolution.