Investor Rating of 100,000 Dirhams Due to Front-Running Operations

The Financial Markets Authority has issued a rating of 100,000 dirhams against one of the investors due to the execution of front-running operations on another investor's trades to achieve profit.


Investor Rating of 100,000 Dirhams Due to Front-Running Operations

A fine of 100,000 dirhams was imposed on one investor for manipulating the prices of securities and goods. This occurred because the investor conducted a series of preliminary transactions in the markets of another investor with the aim of obtaining profit from price differences. "This is a violation of Rule 9 of the Code of Conduct regarding market efficiency and fairness. Such practices are prohibited and negatively affect the investment environment," the commission noted. The specified amount is the simplest fine that can be imposed for such violations in accordance with the Code of Conduct. In addition, committing similar acts represents a serious violation of ethical norms and principles of financial markets.