CMA LAW: Announcement Regarding Issuance of Disciplinary Board Resolution on Violation No. (101/2014 - Authority)

The Capital Markets Authority announces the issuance of the Disciplinary Board Resolution No. (1/2015) passed in its meeting held on Tuesday 20/1/2015 on the violation No. (101/2014 - Authority) filed against:

First Investment Company

That is by "warning the Company about repeating the violation of the disclosure rules in the future." 

This punishment is due to the Company’s violation of the provisions and instructions of the Authority No. ( 2/2012) regarding the disclosure of the material information

In this regard, the Capital Markets Authority confirms its keenness to apply the authority’s law and its executive regulations to all dealers in securities activities, and urges them to adhere to these laws, so that these transactions have the confidence of investors, to create a sound investment environment based on law enforcement in accordance with the principles of justice, transparency and integrity to keep pace with best practices International.

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