KTFA
FRANK26:"SECURITY & STABILITY FOR THE MONETARY REFORM!!!".............F26
5/21/2024
Baghdad - Wissam Al-Mulla
The Securities Commission announced, today, Tuesday, that it is working to protect investors’ rights to ensure transparency, while indicating that measures are being taken to prevent manipulation of the rise in stocks.
The head of the authority, Faisal Al-Haims, told the Iraqi News Agency (INA) that, “Over the past 20 years, the authority has worked to protect the rights of investors, and this is the main reason for its existence,” indicating that “among what the authority has provided is to monitor the Iraqi stock market so that it operates in a transparent manner before all investors.” And that there should be no preference over one investor over another with information that may lead to an increase in stocks and investment in them.”
He added, “The Authority is currently working on the Securities Commission law sent from the Council of Ministers to the House of Representatives, and the first reading has been completed and we are awaiting the enactment of the law,” pointing out that “Enacting the law has many benefits, including increasing the volume of foreign investment for companies, which will make there a greater flow of foreign investment in Iraq Stock Exchange.
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