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Article: QATAR: QATAR FINANCIAL MARKETS AUTHORITY PREVENTS GULF INVESTMENT GROUP FROM RECEIVING OR EXECUTING ORDERS.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- January 28, 2009
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According to Doha Securities Market: The Board of Directors at Qatar Financial Markets Authority (QFMA) has decided toprevent Gulf Investment Group, a licensed brokerage firm by Doha Securities Market (DSM), from receiving or executing any buy/sell orders effective Wednesday morning, January 28, 2009 for duration of two weeks, subject for extension. QFMA has submitted a notification letter addressed to the Chairman of Board of Directors and the Managing Director of Gulf Investment Group stating that the decision has been taken in order to maintain confidence and stability in securities dealing, exercise its regulatory and supervisory powers, conductroutine inspection ...
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