The Saudi Public Prosecution Office has warned of several crimes related to the financial market, and confirmed that these actions are among the major crimes requiring arrest.
According to Arabiya Net, the prosecution said in a tweet posted on her Twitter account that it is forbidden to do intentionally any action that creates an incorrect or misleading impression about the financial market or prices Or the value of any paper or induce others to buy, sell, or subscribe to that paper.
The following types of fraud prohibited according to the Capital Market Law are the following actions:
1- Performing any action or behavior aimed at creating a false or misleading impression that suggests the existence of active trading operations in a security contrary to the truth. The following includes, for example, but is not limited to, the following: p>
a- Conducting transactions in securities that do not involve the transfer of real ownership of those securities.
b - Entering an order or orders to buy a specific security knowing in advance that there is an order or orders of sale similar in terms of size, price and timing have been entered or will be entered before A different party or parties to the same securities. P>
c- Entering an order or orders to sell a specific security knowing in advance that there is an order or orders similar in terms of size, price and timing that have been entered or will be entered before Different party or parties to the same security.
۲- Influencing individually or with others the price of a certain security or securities traded in the market, by performing a series of operations in that security or securities. Actual or virtual orders that are active in trading, or an increase or decrease in prices p>
those papers in order to attract others, and encourage them to buy or sell these papers as the case may be.
3- Influence individually or with others by making a series of transactions such as buying or selling, or both together, a security traded in the market with the aim of stabilizing or maintaining price stability That paper, in violation of the rules set by the Capital Market Authority, for the safety of the market and the protection of investors.