From his own resources... Luminous lessons in leadership and humanity    Saudi, Omani foreign ministers visit Rub' Al-Khali border crossing    Royal Institute of Traditional Arts implements Saudi-Chinese cultural exchange program    Localization in Saudi military industries rises to 19.35%    Logistics park for vehicles worth SR300 million to be set up at Dammam port    Commerce Ministry recalls 6,500 Genesis cars due to risk of fire    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion    Putin announces three-day Russian ceasefire in Ukraine from 8 May    Prince Sultan University launches first bachelor's program in language and media    Pakistani military says it killed 54 militants attempting to cross border from Afghanistan    Suspect charged after Vancouver car ramming leaves 11 dead    Eight hundred Houthi targets hit after weeks of strikes, says US    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi CMA protects investors against violators
Published in The Saudi Gazette on 04 - 11 - 2015

The Saudi Capital Market Authority (CMA) ensures both investors and market participants that they have the right to file a complaint to CMA or to The Committee for the Resolution of Securities Disputes (CRSD) in case of unfair and unsound practices involving cheating, fraud and manipulation on securities business or in case of some violations related to the companies they invest in, the CMA stipulates on its website.
Article Five of the Capital Market Law states that CMA is responsible for protecting citizens and investors in securities business, in addition to issuing the regulating and implementing regulations it sees fit. When a complaint is received from any party in the capital market, the complaint is examined and verified to confirm its validity and then the necessary action is taken in accordance with the Capital Market Law and its implementing regulations. This includes the efforts to settle disputes between parties.
CMA lays down the three requirements that a complaint must fulfill for it to prosper, they are:
First, it must be clear, in a written form, and against a person (natural or legal). It should also contain specific and logical demands and objections.
Second, it must contain the complainant's signature, ID number, address, and contact numbers. If the defendant is not authorized by CMA, his full address and contact information should be provided.
Third, supporting documents must be attached with the complaint. As for the complainant, a copy of the National ID for Saudis and GCC citizens, the residence permit for non-Saudis, a copy of the passport for Resident Aliens Abroad, a copy of the commercial registration for companies and corporations, and the compliant should be signed by the person responsible and a copy of the power of attorney if the person filing the complaint is representing the complainant.
The Capital Market Authority receives the complaints that come under the rules of the Capital Market Law and its Implementing Regulations. Some examples of the complaints received at CMA:
Complaints related to securities ownership registration.
Investors' complaints against authorized persons (brokerage firms).
Complaints related to listing securities in the market.
Complaints related to executing deals that do not include violation penalties.
Complaints related to companies' profits and shares' certificates.
Complaints related to investment funds.
Any complaint related to a violation of the Capital Market Rules and its implementing regulations.


Clic here to read the story from its source.