​CMA announces a decision by the Committee for the Resolution of Securities Disputes (CRSD) dated 26/01/1436H corresponding to 19/11/2014 which was executed on 10/03/1436H corresponding to 01/01/2015 as the appeal date has passed. The decision was regarding the lawsuit filed by the Capital Market Authority (CMA) against Ranyah bint Mohammad Alabd bin Mohamad Alabdulaal  for violating Article (31) of the Capital Market Law and Articles (5) and (17) of the Securities Business Regulations for conducting a securities business without authorization as she used her cell phone to advise and give recommendations to buy and sell stocks of listed companies in the Saudi Stock Exchange in return for money  and for announcing that she manages investment portfolios in the Saudi Stock Exchange for a percentage of the profits. The committee’s decision included the imposition of a penalty of (SR 20,000) Twenty Thousand Saudi Riyals for this violation.

By that, CMA insures its devotion to apply the Capital Market Law and its Implementing Regulations as well as protect the investors from illegal acts.