Twitter storm against stock market law reform / “Shareholder is not guilty” movement

According to Tejarat News, the draft plan to amend the Securities Market Law of the Islamic Republic of Iran was approved by the specialized working group on the capital market and was published on January 26th. With the publication of this draft, a wave of criticism was launched among the people of the stock market in different parts of it. Sections such as the process of electing and approving members of the Supreme Council of the Stock Exchange, criminalizing education in the stock market, and more were criticized.

Following these protests, which started last Thursday, stock exchange activists and shareholders, with the hashtag “the shareholder is not guilty” and published a single image, expressed their protest against the various clauses of this draft, especially Article 38.

Article 38 of the draft states: “Any advertisement, training, program or content to provide services related to the stock market and securities shall be in accordance with the regulations prepared by the council within four months after the entry into force of this law and approved by the board.” The ministers arrive. In addition to the surveillance measures imposed on supervised persons, media misconduct; Including radio and television, the press, social media, news agencies and environmental advertising, this sentence is subject to a fine of up to ten times the cost of advertising, program or content that is allocated to the market stabilization fund for investment. “If the advertising media has not charged a fee for the advertisement, a fine will be imposed based on the price and the usual conditions related to the advertisement.”

Some stock market experts also criticized the draft on Twitter.

Mehdi Souri, a stock market expert, wrote: “With the procedure for selecting and approving the members of the # Supreme_Stock_Council, in the future, the most important decisions for the capital market may be made by people who can not pass the online access test of brokerages. »

Mehdi Sassani wrote: “Think you fell in Evin, the others are saying that one of them has embezzled, one has swindled, one… از. It’s your turn, you lower your head, you say about the future of such and such an industry, I said my opinion and analysis, the stock exchange organization sentenced me to prison, it is so ridiculous, it is so scary »

Concern about the social empowerment of stock market activists

Eliaskordi’s message wrote: “The #Bourse organization clearly wants us to go to the foreign exchange cryptocurrency market and train there?” Do you hate us? What did we do wrong to say we like this market? By God, nothing bothered me as much as the fact that you criminalized education and content production. That is, those who advertise the initial public offering or subscribe for free are also guilty !!! That the stock exchange organization is in its favor! “Why do we want people’s capital to go to parallel markets?”

Abdullah Meshkani wrote: “Paragraph of the draft capital market law, from criminalizing education and content production to restricting the transactions of activists out of fear! “The violation reveals one thing: some institutions are concerned about the social empowerment and networking of capital market participants, so they intend to restrict freedom of expression by imposing legal restrictions.”

Saeed Ebrahimi wrote: “There is a mismatch between crime and punishment in the draft capital market law. The organization can distinguish between culture and specialized education. “The economy can be a public movement.”

Mobin Nazemi wrote: “The main problem is the restrictive policies and laws in the market, which are either intentional or due to the stupidity of some people !! Interestingly, every time #love comes, it talks, tomorrow the situation will get worse! “Well, if you want to knock down the market, tell me, aren’t you shy?”

Behnam Samadi wrote: “The law of suppressing the stock market in the conditions of sanctions, when the economy is being deprived of investment, the capital market’s apparatus has committed a large-scale crime in the draft amendment to the capital market law. Do you think where it is?” America or Switzerland? The few remaining capital leaves the country. “The thinking of the garrison of the legal deputy of the stock exchange organization has destroyed the trust in the stock exchange in the last two years.”

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