Taken Measures & Imposed Violations by the Jordan Securities Commission During 2012
17-Mar-2013
Jordan Securities Commission (JSC) took a number of measures & sent notifications to several parties subject to its monitoring for violating the provisions of the Securities Law, the regulations, instructions & decisions issued pursuant thereto, in order to:
1. Regulate & monitor the Securities Market.
2. Protect investors.
3. Achieve public interest.
These parties included Public Shareholding Companies (PSC), Financial Services Companies & investors.
During 2012, the Commission sent (4261) violation notices compared to (1300) of last year & it took (585) measures against violators compared to (357) of last year.
The (JSC) taken measures against violators included the following:
1. Imposing (159) financial fine.
2. Sending (100) warning.
3. Stressing the need to comply with the Securities Law (96).
4. Recording (2) violations in the Professional Record.
These statistics do not include violations relegated by the (JSC) to the Competent Court & to the Anti-Corruption Commission.