The Disciplinary Board issued its resolution to impose a fine against Rasameel Investment Company and Mr. Bader Adel Al-Abduljader – (Ernst & Young Office-Al-Aiban, Al-Osaimi & Partners) for violating the rules of Conduct of Business and Clients’ Funds and Clients’ Assets.
The resolution included imposing a KWD 1,000 fine against Rasameel and KWD 1,000 fine against Mr. Bader Adel Al-Abduljader for the attributed violations. 
Rasameel Investment Company violated the provision of Article (7-2) of Module Eight (Conduct of Business) of the Executive Bylaws of Law No. 7 of 2010 and their amendments as well as Items (2) and (4) of Article (7-4) of the same Module. It was proven to the Authority in a strict manner by viewing the ongoing accounts of the Company through some of the social media platforms (Twitter - Instagram) the existence of promotions prepared by the Company and published through the Company’s official accounts on the social media platforms that do not include some of the requirements stipulated in the Articles mentioned above.
As for Mr. Bader Adel Al-Abduljader, it was proven to the Authority in a strict manner by viewing the report of ensuring the compliance of Rasameel Investment Company with the provisions of Module Seven (Clients’ Funds and Clients’ Assets) prepared on the financial year that ended on 31 March 2021 that the report did not include the noncompliance of the Company mentioned above with the provision of Article (5-3-1) of Module Seven (Clients’ Funds and Clients’ Assets) of the Executive Bylaws of Law No. 7 of 2010 and their amendments as it was proven to the Authority that the Company did not immediately notify the portfolios’ clients of the matters.