جمالی

weakening the supervisor of a dangerous innovation for the future of the capital market.

Tehran,Dec. 07 (SENA) - Managers are the main assets of the capital market as much as it is necessary to deal decisively with violations and crimes, it is also important to protect healthy managers and to create a field of activity for specialized managers who are skilled and healthy. Jafar Jamali, a member of the board of directors of the Securities and Exchange Organization and the legal deputy of this organization, in an interview with the Securities and Exchange News Agency (Sena), explained the dimensions of violations, conflicts and expectations of the capital market from other decision-making sectors.

Question: Iran Stock Market indices after successive and unique jumps; It has entered a period of unprecedented decline over the past few months. What do you think about these fluctuations?

Answer: Basically, the rise and fall of indices is the nature of capital markets and is inherent in international capital markets. You can not find a reputable stock Market that has not experienced the ups and downs of the indicators.From the point of view of experts, it is not natural for the market to always move in an upward direction.In addition to economic, political, psychological, and international factors and variables, I personally believe that the weakening of the position and authority of the Securities and Exchange organization and improper interference in its duties and competencies have caused great damage to the market.

Question: Some critics of the stock market situation consider the recent falls in the indexes as the result of some violations. Do you find such analyzes realistic?

Answer: In the Iranian capital market, everything is completely transparent and can be analyzed with statistics. Transactions, operations and information can be monitored and reconstructed and this is specified in the regulations. In the field of analysis, any opinion or idea can be presented, but accepting such claims requires verification. Fortunately, unlike some other sectors of the economy, in this sector we are dealing with numbers and figures, and the statistical performance of stock market participants in the form of available and undeniable documentary numbers and figures, and is available to regulatory and responsible institutions.In order to disrupt market participants, the legal element, the material element and the spiritual element are required. In this regard, the Islamic Consultative Assembly can determine the task.

Question: Some critics consider these clashes to be inadequate and call for more severe and widespread crackdowns on violators and the publication of their names in the media.

Answer: The legal authority of the organization is limited to the crimes and punishments defined in the law. Of course, I agree that the performance guarantee provided for in the Securities Market Law must be reviewed by the Islamic Consultative Assembly.On the other hand, managers are basically the main assets of the capital market. As much as it is necessary to deal decisively with violations and crimes. It is also important to protect healthy managers and create a field of activity for specialized and skilled managers. In the capital market, the percentage of crimes and violations is small compared to other sectors, and we should not destroy the social capital of the market and activists.

Question: Recently, Mr. Ghazizadeh, Deputy Speaker of the Parliament, stated, "Since the Securities and Exchange Organization has not performed its duty, I, on behalf of the people, have the list of accused in the marketing issue and companies that have caused the capital market to fall due to their misconduct."How do you evaluate such measures?

Answer: First of all, I must state that questioning and monitoring is the right of the esteemed representatives. Especially with the spread of investment culture, today all the representatives in the field of capital market are questioned and have respectable concerns and the Securities and Exchange Organization welcomes the opinions and contributions of the esteemed representatives.

Regarding the letter, what we learned from the orders of the Speaker of the Islamic Consultative Assembly in an interview on Thursday night was that the Assembly believes that the authority of the Securities and exchange organization will be strengthened, therefore, they stressed that they oppose judicial and security of the capital market.

Question: Based on your executive experiences, how do you see the type of interaction between the parliament and the capital market?

Answer: We are ready to review any kind of report and deal quickly and decisively with any anomaly, of course, within the framework of the law. The legal assistant of the organization has been completely independent and decisive these days. But the esteemed officials should pay attention, the reports received should be documented and from people who are not profitable in the market.

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