The government is going to rearrange the core team of the Securities and Exchange Commission. There will be new appointment of a chairman. This is to be done in order to regain the trust of general investors on regulators.
According to the probe report, the Anti-Corruption Commission may investigate the allegation of market manipulations.
Earlier the probe committee on share market scam headed by khaled submitted the report on April 7.
The government published the original version of the report. And the decision came after the publication of the report.
The name of newly selected SEC chairman couldn’t be known as agreement has not yet been signed.
There may be re-investigation on few companies
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