Penalty of 3 natural persons due to misuse of information rent of a stock exchange company
According to Tejarat News, the director of legal and disciplinary affairs of the Securities and Exchange Organization said: Three individuals were sentenced to pay a fine of 16 billion tomans for abusing the information rent of shares of a stock exchange company.
Irena He wrote: “Mohammad Ali Shirizadeh” announced the above news from Iran’s Capital Bazaar news site and stated: Not long ago, the supervision unit of the Tehran Stock Exchange sent a report of a 128% increase in the stock price of one of the companies admitted to the stock exchange to the management of legal affairs. And the police of the stock exchange organization announced.
He stated: The efficiency of the aforementioned company’s transactions was investigated and it was found that at the time of the stock offering by some brokerages in a period of time, the shares were transferred to three natural persons from legal entities related to the major shareholder of the company. .
In describing the story, Shirizadeh stated: The deputy of the investment time of this company, who had the secret information related to the company’s stock offering, caused the disclosure of the confidential information related to the company’s shares and provided it to his relatives and friends.
The director of legal and regulatory affairs of the stock exchange organization continued: after the increase in the share price and shortly before the collapse of the share price (at the peak of the price), natural persons sold their shares and made a profit of 54 billion 246 million 594 thousand Rials. they earn
This official stated that based on the available evidence, the judicial authorities have assessed the action of these persons as being in accordance with the crime of “transaction based on confidential information”, and emphasized: The Securities and Exchange Organization immediately after discovering this abuse, it will be reported to the authorities. The judiciary has introduced
Referring to the ruling issued by the Court of Appeals of Tehran Province, he admitted after reviewing the case: Based on this, the vice president of the company’s investment was sentenced to one year in prison on the charge of using confidential information before publishing it on April 30 of this year.
Referring to the sentence of three real trading persons accused of conducting transactions based on confidential information, Shirizadeh said: these persons were sentenced to pay three times the amount of profit obtained in total to 162 billion 748 million 784 thousand Rials.
According to the director of legal and disciplinary affairs of the stock exchange organization, in addition to the deputy of the company’s investment time and three trading persons based on secret information received from the deputy of the company, four other natural persons were convicted for the charge of “assisting in transactions relying on final information” They were sentenced to pay a fine of 60 million Rials instead of four months in prison.
This official noted: This case is currently in the execution stage.