The FRA Board of Directors (BoD) approved a legislative proposal that includes prohibiting & criminalizing the publication of recommendations & advice related to securities listed on the EGX on social media sites.
More Details🧐 This initiative aims to deter those who issue & publish misleading recommendations & advice to manipulate small investors to achieve personal benefit.
Why are they doing this🤔 The authority noticed that some of the social media pages include brokers in the EGX & that the recommendations published often affect the trends of the stocks & lead to stock price movements.
