Suspending Brokers Securities
20/09/2018
The Financial Regulatory Authority Chairman issued decision no. (887) for the year 2018 on 26/07/2018 suspending Brokers Securities from performing its licensed activities for thirty days, according to 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 warning dated on 19/02/2018.
Where the company complained about the FRA’s decision mentioned above and the Grievance Committee issued its decision (in the grievance no. (26) for the year 2018 on 19/09/2018), to accept its form and repudiate its content.
Thereby, this decision will be applied and the company will be suspended starting from 20/09/2018 till 19/10/2018.