The CMA investigates latest trading on Tihama’s shares

Capital Market Authority’s (CMA) Board assigned the related departments to investigate the latest trading activities on Tihama Advertising Company’s shares and applying related rules and sanctions.

This decision emerged after noticing some irregular trading activity on Tihama’s shares which was suspected to be a violation of the rules and regulations.

“The action came as part of the CMA’s responsibility to protect citizens and investors form illegal practices, fraud or manipulation and its work to achieve justice, efficiency and transparency in securities business as well as its responsibility to investigate any violations of the Capital Market Law and its Implementing Regulations”; the CMA said.

The Authority emphasized to traders and investors the importance of the provisions of the Capital Market Law and Regulations specially the Market Conduct Regulations.