The Capital Market Authority refers the owners of my (@Nawafmsz) and (@Mnawafms) accounts on Twitter to the Public Prosecution and reveals the reason

Al-Marsad Newspaper: The Capital Market Authority announced that the owners of two accounts on the social networking site “Twitter” were referred to the Public Prosecution for publishing tweets aimed at influencing the shares of 18 companies listed in the financial market.

The authority said in a statement to all dealers and investors in the Saudi stock market that through the continuous monitoring and follow-up procedures conducted by the authority and after receiving a number of complaints and reports, two account identifiers were seized on the social networking site “Twitter” (@Nawafmsz), and (@Mnawafms). ) It was found that they had committed behavior suspected of violating Article 49 of the Capital Market Law and Article Eight of the Market Conduct Regulations by posting tweets on Twitter that included promoting an opinion with the aim of influencing the share prices of (18) companies listed on the Saudi Stock Exchange.

By conducting the procedures of control, inference and analysis of the tweets published by the identifiers of the two accounts referred to above, it was suspected that those tweets were aimed at influencing the share prices of some companies. Accordingly, the authority’s council issued a decision that included referring the owners of the aforementioned identifiers to the Public Prosecution to file a public case against them.

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