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An Announcement by the Capital Market Authority regarding the issuance of the final decision by The Committee for the Resolution of Securities Disputes (CRSD) to convict a violator of the Capital Market Law and its Implementing Regulations

CMA announces the issuance of a final decision by the CRSD on 2-7-1432H corresponding to 4-6-2011 regarding the case raised by CMA against Salim Bin DaifAllah Bin Salim Almasrahi. The final decision was to convict the accused of violating Article (31) of the Capital Market Law and Articles (5) and (17) of the Securities Business Regulations. He carried on securities business in managing and advertising securities without an approved  authorisation by CMA. The decision included the imposition of a penalty of 10,000 Saudi Riyals.  

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.