The Exchange Organization rewards crime and abuse reporters

According to Tejarat News, the head of the Capital Markets Health Watch Office of the Stock Exchange and Securities Organization said: The Capital Market Health Watch Office has started working since the end of 2009 and has published anomaly reports in 4 areas: publishers, market, financial institutions and cyberspace. The capital market watch system collects and reviews.

Quoted from سناSaeed Ebrahimi added: “Receiving public reports gives assurance to capital market activists that submitting reports in this field to the organization will lead to more serious follow-up and studies and will lead to more comprehensive monitoring in the field of capital markets and outside the stock exchange organization.”

In this regard, the Stock Exchange and Securities Organization, as the first organization, rewards the reporters of capital market crimes and violations.

He stated: Report anomaly In the field of capital markets, it examines measures such as price manipulation, the use of confidential information and transactions based on this information and the seduction of individuals; In the field of publishers, these reports also examine the problems that exist in the issuance of financial statements by the publisher and the non-preparation of financial statements in accordance with the relevant laws, regulations and standards.

What are the areas of anomaly reporting?

He continued: “Reporting anomalies in the field of financial institutions can also address the actions that these institutions have taken in violation of licenses and regulations approved by the Exchange and Securities Organization.”

In the field of cyberspace, violations in groups and channels in cyberspace, from offers to buy and sell securities and comment on the price trend and value of securities to take any action without having an official license from the Exchange Organization can include anomaly reporting. ها شد.

The head of the Capital Markets Health Observatory of the Stock Exchange and Securities Organization emphasized: Capital market activists can send their anomaly reports to this department through the dideban.seo.ir system.

Ebrahimi stated: “Since the beginning of the formation of the Capital Market Health Watch Office, many reports have been received, each of which has been thoroughly examined and expertized by the experts of this office, and the necessary monitoring measures will be taken against them.”

He said: “If these reports meet the necessary conditions in accordance with the relevant instructions and regulations, monitoring measures such as warnings, corrective actions, submission of reports and transparency announcements related to them will be done, and if the anomaly reports have a violation and criminal aspect.” Violation reports in this regard are prepared by the experts of the Capital Market Health Watch and sent to the Violation Investigation Authority for legal action.

The Exchange Organization rewards crime and abuse reporters

The head of the Capital Markets Health Watch of the Stock Exchange and Securities Organization said: “According to the instructions for supporting and encouraging anomalous reporters in the capital market to people who provide reliable reports on market anomalies that lead to the detection of violations, these reports are sent to legal authorities and reviewed.” If it leads to the issuance of a final sentence for the offender, between 10 and 30% of the total final fines will be awarded to the reporter (whistleblower) with the approval of the board of directors of the Exchange Organization as a reward for the anomaly reporter.

Ebrahimi added: so far, with the approval of the board of directors of the stock exchange organization, two anomalous reporters who had reported the violations of two stock exchange publishers (companies) have been awarded 61 and 30 million tomans in rewards. The violations of these two issuers were in the field of non-disclosure of information, providing false information to the stock exchange organization and non-observance of the formalities and regulations of securities trading and Article 42 of the Securities Market Law.

Emphasizing that these two violations were recorded separately by two reporters, he clarified: Each of these reports was two different cases and the Exchange Organization is one of the first organizations in the country that in the economic field Anomaly Reporters Or the same سوت‌زنان Offers rewards. In other words, the organization seriously rewards reporters who report anomalies and report them to detect violations.

Ebrahimi continued: “According to the reports of official fraud inspectors, about 40% of fraudulent reports detected in the world are by public reports.” Receiving public reports and whistling assures the capital market activists that submitting reports in this area to the organization will lead to serious follow-up and reviews of the stock exchange organization and will ensure that there is epidemiological surveillance in the capital market and outside the stock exchange organization. has it.

The identities of the whistleblower violators remain confidential

He cited the “named” report as one of the conditions for receiving the reward, saying: “According to the rules, including the conditions that lead to Rewarding 10 to 30% of fines are for the reporter to register anonymously with the Capital Market Health Watch system. In this system, it is possible to register the report as “anonymous”.

The head of the Capital Markets Health Supervision Office of the Stock Exchange and Securities Organization added: “All capital market activists, shareholders and reporters who register their reports anonymously are assured that all their identity information is with the Capital Markets Health Observatory of the Exchange and Securities Organization.” The securities are protected and their identities will not be disclosed, and the names of the reporters will remain strictly confidential during the legal process leading to the vote.

Ebrahimi pointed out: According to the authority of the Supreme Council of the Stock Exchange to the Exchange Organization, in cases where there is a problem for reporters due to reporting, the Exchange Organization has the possibility of legal protections such as paying legal fees, obtaining a lawyer and other cases and necessary protections. To practice.

At the end of the conversation, he emphasized: all capital market activists are asked to submit reports that are examples of major anomalies in order to reduce violations and prevent the occurrence of crime.

All reporters are assured that all reports of anomalies will be thoroughly reviewed and, if they are in violation, that the final stage and the final vote of all stages will be carefully reviewed and followed up.

Ebrahimi expressed hope: hope goes with Rewarding two reporters It has just been approved that the culture of whistling and sending anomaly reports to the stock exchange organization should be spread and anomaly reports should be recorded to the extent that it helps in early detection of violations and paves the way for the prevention of violations in the capital market.