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Investor fined for illegal trades
- Saudi Arabia: Thursday, December 14 - 2006 at 06:49
Saudi's Capital Market Authority has fined an investor SR2.4m for fraudulent transactions, and published his name on stock market website, Reuters reported. Mohammad bin Mouaid bin Yaha Al Qahtani was also ordered to repay SR88.6m he made from the illegal trades. It is the third case of market manipulation of the stock exchange to be reported this year.
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James McInerney, News EditorThursday, December 14 - 2006 at 06:49 UAE local time (GMT+4)
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