Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Capital Market Authority Monday issued a warning to Mena Invest Company for breaching the laws and procedures and threatened to penalize the firm if it did not rectify these mistakes.The statement said the firm did not comply with article 55 of the investment law that stipulates that the company should abide by banking secrecy and not divulge any information about the accounts of its clients.CMA warned Mena Invest that it would apply law number 161 if the company continued to bend the laws and procedures.One financial expert expressed doubt that the Central Bank would close down Mena Invest in the foreseeable future.Founded in 2011, Mena Invest provides financial services and products to its clients.
FOLLOW THIS ARTICLE