Iraqi Securities Commission Takes Action to Safeguard Stock Prices against Manipulation

 
Baghdad-INA
 
Iraqi Securities Commission announced on Tuesday its proactive stance in safeguarding investor rights for enhanced transparency, alongside highlighting measures aimed at preventing manipulation of stock price surges.

Faisal Al-Haymes, the head of the Commission, told the Iraqi News Agency (INA) that "The Commission has worked over the past 20 years to protect investor rights, and this is the main reason for its existence," noting that "among the commission's contributions is the monitoring of the Iraqi stock market to operate transparently for all investors, ensuring no preferential treatment for one investor over another with information that may lead to stock price increases and investment."
 
He added that "The Commission is currently working on the Securities Commission Law sent from the Cabinet to the Parliament, with the first reading completed and awaiting legislation," noting that "the enactment of the law has many benefits, including increasing the volume of foreign investment in companies, which will lead to a greater flow of foreign investment into the Iraqi stock market."