​CMA announces a decision by the Appeal Committee for the Resolution of Securities Conflicts (ACRSC) dated 06/03/1436H corresponding to 28/12/2014 which was executed on 22/04/1436H corresponding to 11/02/2015 as the appeal date has passed. The decision was regarding the lawsuit filed by the Capital Market Authority (CMA) against Bader bin Marzouq bin Ayedh Alotaibi Alrogi 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. He used his Twitter account and a number of websites to give advice and recommendations on the stocks of listed companies in the Saudi Stock Exchange and announced that in return for money deposited in his bank accounts. 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.