The UAE’s Securities and Commodities Authority (SCA) has communicated in a statement that its decision to halt four investors from trading in the market was not the first and will certainly not be the last.
This is step is part of SCA’s continuous efforts, made during in the current and past years, “to ensure the safety of financial markets and seek to provide fair trading environment for all investors”, it said.
SCA did not name the investors or specify the reason(s) for which they were banned from trading.
“SCA is committed to promote market transparency and continuously cooperate with the media as much as it is keen to enforce laws and regulations in a fair manner, establish sound practices, and ensure the safety and accuracy of all transactions processed,” the regulator highlighted in its statement.
Photo Credit: Arabianeye-Reuters
This is step is part of SCA’s continuous efforts, made during in the current and past years, “to ensure the safety of financial markets and seek to provide fair trading environment for all investors”, it said.
SCA did not name the investors or specify the reason(s) for which they were banned from trading.
“SCA is committed to promote market transparency and continuously cooperate with the media as much as it is keen to enforce laws and regulations in a fair manner, establish sound practices, and ensure the safety and accuracy of all transactions processed,” the regulator highlighted in its statement.
Photo Credit: Arabianeye-Reuters
Source:
Mubasher
