News Details
Suspending Arba7 Brokerage
The Financial Regulatory Authority Chairman issued decision no. (2348) of 2022 on 27/12/2022 suspending Arba7 brokerage from performing its licensed activity for thirty days or till removing it’s attributed violation whenever is sooner, 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 28/06/2022.
Moreover, as received from FRA “that the company has been informed with the decision on 11/ 01/2023”, Thereby this decision will be applied starting from 12/01/2023 until 10/02/2023.
Knowing that the company is now suspended by the Membership Committee's decision No (33) of 2017 issued on 15/06/2017.