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The Securities and Exchange news Agency; Pillar of protection of shareholders' rights / Review of 10 cases of violations during the last week

Tehran,Nov.01 (SENA) - During the current week, 10 cases of violations were examined by the Board of Investigations of the Exchange and Securities Organization, and disciplinary decisions were issued against 8 cases against the publisher and its managers. According to the votes, 39 managers who violated the Punished for disqualification from management.

The director of follow-up of violations of the Stock Exchange and Securities Organization told the Capital Market News (Sena) news site:

"According to Article 2 of the Securities Market Law of the Islamic Republic of Iran, the first goal of the capital market regulators is to protect the rights of investors with the aim of organizing and maintaining them. And the development of a transparent, fair and efficient securities market is based on this important goal of formulating rules and regulations in the capital market.

One of the regulations that will be an effective step in achieving this lofty goal is the approval of the regulation "Maintaining the stability of the capital market and protecting the rights of shareholders and investors", which was recently approved by the Supreme Council of the Stock Exchange.

Somayeh Sadat Aghamiri, explained: "One of the issues mentioned in the regulation and plays an important role in the stability of the capital market, is the issue of marketing duties by securities issuers, whose non-implementation by the issuer is considered a violation and subject to disciplinary action." It will be considered for the publisher and its managers.

He continued: "Also, according to the decision dated October 28, 2020, the board of directors of the organization" All publishers registered with the organization are obliged to conclude a marketing contract and introduce the market manager to the Tehran Stock Exchange and the OTC market, as the case may be.

According to the verdicts, 39 offending managers were sentenced to disqualification from the position of management. In addition, the (managers) have been fined and are obliged to pay it to the state treasury.

Aghamiri also announced the investigation of a number of violation cases and the issuance of votes this week and added: "Currently, in line with the implementation of the mentioned regulations, 10 violation cases during the current week in the Board of Investigation of Violations of the Exchange and Securities Organization Was investigated and a disciplinary verdict was issued against the publisher and its directors in connection with 8 cases.

The director of follow-up of violations of the Stock Exchange and Securities Organization pointed out: According to the issued verdicts, 39 violating managers were sentenced to disqualification from holding the position of management. In addition (the real person) the mentioned managers have been sentenced to a fine, which they are obliged to deposit in the state treasury account.

Aghamiri emphasized: what is important for the Stock Exchange and Securities Organization as the highest regulatory pillar of the capital market, is the unconditional implementation of laws and regulations and decisive confrontation with its violators in order to protect the rights of investors.

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