Saudi regulator identifies market fraud and scams

The Capital Market Authority (CMA) identified some cases suspected of manipulations, fraud and scam of the capital market rules and its executive regulations, amid the price fluctuations of some stocks.

The Saudi market regulator is finalizing the required paperwork to take the necessary regulatory measures with regard to those violators, including their referral to the Public Prosecution.

The CMA pointed out that it is keen to enforce the stock market executive regulations and protect the market from illegal practices.