​The Capital Market Authority announces that the Committee for the Resolution of Securities Disputes (CRSD) has issued its decision dated 30/06/1436H corresponding to 19/04/2015 which was executed on 24/10/1436H corresponding to 09/08/2015 as the appeal date has passed. The decision was regarding the lawsuit filed by the Capital Market Authority (CMA) against Farraj bin Mubarak bin Farraj Al-Mastahi Al-Shammari. The defendant was convicted of 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. He used a website to give recommendations on shares of companies listed on the Saudi Stock Exchange in return for money deposited in his bank account. The decision of the committee included the imposition of a fine of (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.