CMA LAW: Announcement Regarding the Issuance of a Disciplinary Board Resolution

The Capital Markets Authority announces the issuance of a Disciplinary Board Resolution on Thursday 10/7/2014 under violation No. (55/2013) Disciplinary Board.

Filed against:

1-Anwar Mohammed Al-Shoail.   2- Jaafer Shareef Maseer Jandeel. 3- Esam Ibrahim Abu Khamsin.  4- Ahmed Rajab Khodhair Saleh. 5- Ahmed Mohammed Ali Hassan.  6- Zainab Ibrahim Rida Abdulhadi. 7- Nawal Haji Abdullah Hussain.   8- Laila Abdulhadi Abdulnabi Al-Khayat.   9- Kholoud Hassan Mohammed Al-Herz.   10- Nora Salem Sulaiman Al-Romi.

The Board Resolved the Following:

First: Suspending defendants from the first to the ninth from trading; direct or in direct purchasing and/or selling, whether for their own account or for the account of others for six months, and ordering to cancel the deals related to the violation which are made from 16/1/2013 until 7/2/2013 if possible, according to the period, conditions, and controls set forth by the Authority without harming the rights of parties acting in good faith.

Second:  Suspending the tenth defendant from practicing brokerage for three months.

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