The Disciplinary Board issued Resolution No. (126/2022 Disciplinary Board) (116/2022 Authority) imposing a fine and issuing a warning against KFIC Brokerage Company, Yousef Yaqoub Al-Sabej -Broker at the Company, Gholamreza Musa Gholami Burr -Delegate Correspondent at the Company, for violating the Rules of Conduct of Business.
The resolution included imposing a fine against KFIC Brokerage Company in an amount of KWD 2,000 for the first violation and issuing a warning to stop committing the second and third attributed violations.
A find was imposed against Yousef Yaqoub Al-Sabej in an amount of KWD,1000 for each of the two attributed violations, in addition to imposing a fine against Gholamreza Musa Gholami Burr in an amount of KWD 2,000 for the attributed violation.