Stock market analysis was banned! / Analysts must be licensed

According to Tejarat News, the management of the supervision of brokers of the stock exchange organization announced in a letter to the association of brokers that after these brokerage companies do not have the right to provide investment advice and stock analysis without a license.

According to the letter sent, after these agencies cannot provide investment advice to the applicants without permission. Investment advice also means any advice and intervention in buying and selling, in general, the time and manner of transactions.

For example, a brokerage company cannot inform investors when to buy and sell or the value of a share without obtaining a license. On the other hand, stock analysis also gives statistics for the purchase and sale of certain stocks, so it is necessary to obtain a license for the analysis.

In this letter, it is emphasized that brokerages should not publish news such as analysis, suggested portfolio, etc. in the media, virtual networks, etc.