​The Capital Market Authority announces that the Appeal Committee for the Resolution of Securities Disputes has issued its decision dated 10/03/1437H corresponding to 21/12/2015 regarding the lawsuit filed by the Capital Market Authority against Rusheedan bin Ali bin Humoud Alrusheedan. The decision upheld the previous decision issued by the Committee for the Resolution of Securities Disputes convicting the defendant for violating Article (31) of the Capital Market Law and Article (5) and Article (17) of the Securities Business Regulations for practicing a securities business without obtaining a license. He gave recommendations for trading stocks of companies listed in the Saudi Stock Exchange  through a number of websites in return for money transfers made to his bank account. The decision of the committee included the imposition of a fine of 36,000 Thirty Six 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.