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Title: The Capital Markets Authority Announces Filing a Report with the Prosecutor General Regarding the Occurrence of a Crime
Date Publish
25 July 2024
The Capital Markets Authority announces filing a report with the Prosecutor General on 24/07/2024 regarding the occurrence of the crime stipulated under Item No. (1) of Article No. (126) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its amendments, for practicing securities activities in violation of the provisions of Items No. (4), (5), and (9) of Article (63) of the aforementioned Law. The defendant, through his account on the social media platform “X” (formerly Twitter), published a post on providing services related to securities activities, as well as an advertisement in Al-Rai newspaper on 9/7/2024, 23/7/2024 and in Aljarida newspaper on 9/7/2024, 21/7/2024 regarding listing on the local securities exchange, which is considered practicing the activity of Investment Portfolio Manager, Collective Investment Scheme Manager, and Subscription Agent without obtaining the necessary license from the CMA.
Note: A list of companies and entities not licensed to practice securities activities by the Authority.
Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
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