Financial control: 117 cases of manipulation of the stock exchange during 2018 .. and stop 20 "code" contrary

Economy and stock exchange

Khalid Al Nashar, Deputy Chairman of the Egyptian Financial Supervisory Authority [EFSA], revealed 117 cases of manipulation of the stock exchange during 2018. The cases of tampering are the publication of conflicting disclosures, the published material news, dealing with internal information, anticipating customer orders, exceeding ownership ratios, , In addition to studying and responding to 50 different complaints.

As for the preventive and remedial measures taken, Al-Nashar confirmed for the "seventh day" that 20 codes have been stopped for the customers of the violators. The Commission also called for preparing a fair value study for a listed company in the stock exchange.

This came within the framework of the role of the Financial Supervisory Authority in studying the negative phenomena in the application and commitment of the clients of the governing and organizing legislations of the trading process, identifying deviations from performance and in applying the applicable rules, as well as performing its supervisory role through preparing the required studies on the observed irregularities or what Which comes from the violations of the Egyptian stock exchange, and then make recommendations to address them.

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