The Capital Market Authority (CMA) represented by the CMA Agency for Legal Affairs and Enforcement (Investor Complaints Department) monitored the number of complaints and inquiries it received during the second quarter of this year 239 cases with an increase of 31% compared to 182 in the first quarter of the same year. According to the statistical data for investor complaints, complaints related to investment portfolios decreased by 33% to 16 complaints and complaints related to agreements and contracts between investors and brokers by 831 TP3T to only two complaints.
The Capital Market Authority (CMA), represented by the CMA Agency for Legal Affairs and Enforcement (Investor Complaints Department), has renewed its invitation to all investors in the local stock market.
The Capital Market Authority renewed its call to all investors in the local stock market to read and understand the terms and conditions of the investment fund, the information memorandum and the risk score of the fund, and advised to take the advice of a financial advisor in case they do not understand them before signing the subscription to the funds, and urged investors to update their data with the licensed persons with whom they deal to avoid issues in depositing the profits due to them for the shares they own in listed companies, as well as the Authority urged investors to know the risks that the client bears.
In contrast, complaints related to investment funds increased by 15% to 15 complaints, complaints related to subscriptions and purchase of rights increased to four complaints, complaints related to portfolio management by individuals increased by 124% to 38 complaints, and complaints related to the payment of dividends of listed companies increased by 271% to 26 complaints.
On the other hand, complaints related to investment funds increased by 15% to 15 complaints, as well as complaints related to subscriptions and purchase of rights to four complaints.
It is noteworthy that the Authority receives complaints related to the financial market, including: Complaints related to investment funds, selling IPO shares upon listing at a lower price than specified, canceling or stopping the service without referring to the client, and the failure of the licensed person to manage the portfolio. There are also: Loss of amounts from the investment portfolio, market manipulation by influencing the prices of shares of listed companies, broker violations or violations of the regulations and market rules regulating the work of brokers, violations of the Capital Market Law and its implementing regulations, complaints filed against the Authority regarding market speculators and brokers, and financial claims filed by the broker against the investor.
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