JSC takes legal action against 45 violating companies in 2018

AMMAN — The Jordan Securities Commission (JSC) took legal action against 45 violating companies during the first quarter of 2018, a statement from JSC said on Monday. The actions that were taken against the companies, which have violated the Securities Law, included fines and notifications that were filed in the professional record of those companies.

JSC Chief Commissioner Mohammad Hourani said the measures came to activate the commission’s monitoring role related to transactions at the financial market as part of the commission main goal, which is protecting investors. The violations were related to financial solvency standards, financial disclosure, transactions, margin financing and licensing.