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Wednesday , March 22 2023

Kuwait CMA warns on securities investment; Dealers cautioned

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KUWAIT CITY, Dec 21: Kuwait’s Capital Market Authority called Wednesday on all dealers in securities activities to seek accuracy regarding regulations, counseling, and analyses published in media and social media for investing, purchasing or selling securities and investment products.

In a press statement, CMA stressed the importance of seeking reliable sources and only dealing with those having licences for working in securities activities by checking the CMA website, and chatting with investment advisors. The authority is taking all required legal measures against all those practising securities activities without having relevant permits, it added.

It called on all dealers to check the authentic accreditation of providers of investment services continuously by finding the website list of authorized companies that entails all the data regarding authorized and unauthorized bodies, and types of activities offered to consumers. Established under Law No. 7/2010, which was passed by parliament in February 2010, the CMA is committed to setting supervisory and controlling regulations which support an attractive and competitive investment environment in the State of Kuwait; based on the principles of fairness, transparency, and integrity according to the best international practice. (KUNA)

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