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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
28 December 2023
The Capital Markets Authority announces filing a report with the Prosecutor General on 27/12/2023 regarding the occurrence of the crime stipulated in Item (1) of Article (126) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its amendments. The defendant provided advice related to trading shares (buy and sell) outside the State of Kuwait , which falls within the activity of investment advisor and investment portfolio manager without obtaining the necessary license from the CMA according with Items (2) and (4) of Article (63) of the aforementioned law.
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