Suspending International Brokerage Group
30/04/2018
Reference to the Financial Regulatory Authority
Chairman decision no. (226) for the year 2018 on 20/02/2018 suspending International
Brokerage Group from performing its licensed activities for thirty days or till
removing the violations whichever is sooner, as per article no. (30) of the
Capital Market Law no. (95) For the year 1992 and this is for not removing its
attributed violations mentioned in the previously sent warnings on 15/03/2017
and 01/10/2017.
Where the company complained about the FRA’s
decision mentioned above and the Grievance Committee issued its decision (in
the grievance No. (05) for the year 2018) on 29/04/2018, to accept its form and
repudiate its content.
Thereby This decision will be applied starting 30/04/2018
till 29/05/2018.