Saudi CMA to refer forex marketers to public prosecution

11/09/2017 Argaam

Saudi Arabia’s Capital Market Authority (CMA) refers those involved in forex marketing to the Public Prosecution, it said in a statement on Sunday.

 

The regulator is coordinating with the Saudi Arabian Monetary Authority (SAMA), the Ministry of Commerce and Investment, and other government entities to fight this activity as it usually entails fraud.

 

The CMA has launched several initiatives to raise awareness on the risks of investing and trading in forex, it added.

 

It has also established a special unit to monitor irregular practices and conduct inspection visits to arrest violators.

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