Saudi CMA slaps violator with SAR 40,000 fine

13/06/2017 Argaam

The Saudi Capital Market Authority’s appeals panel has imposed a SAR 40,000 fine on Musaed bin Mohammed bin Eid Al-Otaibi for violating market rules.

 

Al-Otaibi flouted the Capital Market Law and Securities Business Regulations by conducting unlicensed trading activities, the market regulator said in a bourse statement on Monday.

  

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