The “securities” company will be fined 100,000 dirhams
The Securities and Commodities Authority revealed this morning, Tuesday, March 30th, that it had imposed a fine of 100,000 dirhams on Barjeel Geojit Financial Services for continuing to practice brokerage activities in global markets without obtaining prior approval from the authority.
The authority stated, in a disclosure to it on its website, "that this order constituted a violation of the Chairman of the Authority’s Board of Directors Decision No. 157 of 2015 regarding the system for listing and trading of commodities and commodity contracts."
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