The Egyptian Financial Supervisory Authority (EFSA) issued on Sunday precautionary measures the authority is allowed to take against brokers under investigation of stock manipulation and other violations. These measures include suspending transactions from brokers with repeated violations for a period of up to three months, while EFSA investigates the case. If the investigation implicates the broker and a case is brought to trial, the broker will be suspended until a verdict is reached, according to a statement from EFSA. the measures appear to backup changes an EGX decision taken last week granting EGX Chairman Mohamed Omran the power to suspend brokers suspected of market manipulation for up to one month — something Omran doth protest has anything to do to with the case against Beltone shareholders being investigated for market manipulation.

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