News 24 After being found guilty of fraud and fraud, an investor was fined € 190,000 and forced to pay € 14,000 to the financial market

The General Secretariat of Securities Dispute Resolution Committees has announced the decision of the Litigation Appeal Committee to sentence a citizen who has violated the Capital Market Act and its regulations. by performing deceptive and incorrect acts.

In a statement issued on Thursday, the Secretariat said that the prosecutor's appeal against the accused put an end to the decision of the person found guilty of violating Article 49 of the Markets Act. of capital and Article 2 of the rules of conduct of the market.

The decision of the Appeals Committee provided for a fine of 190,000 RS for these violations and the obligation to pay the sum of 14,000 riyals. For the AMC, for the illegal gains made on its investment portfolios.

He also was prohibited from buying on behalf of others or on behalf of others shares of listed companies in the market for a period of three months, noting that the victim these practices could bring an action for damages to the Commission under Article 57 of the Capital Markets Act, In this respect.