​The Capital Market Authority announces that the Committee for the Resolution of Securities Disputes has issued its decision dated 25/06/1436H corresponding to 14/04/2015 which was effective on 16/08/1436H corresponding to 03/06/2015 due to the expiration of the specified period to appeal the decision without appealing. The decision was made on the lawsuit filed by the Capital Market Authority against Tariq bin Jabir bin Yahya Aldathiri Alfifi, convicting him 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 obtaining a license, as he gave through a website recommendations on shares of companies listed on the Saudi Stock Exchange in return for money deposited to his bank accounts. The decision of the committee included the imposition of a fine of SR 20,000 (Twenty Thousand Riyals).

The Capital Market Authority insures its devotion to apply the Capital Market Law and its Implementing Regulations as well as protect the investors from illegal acts.