Beltone appeal against repeated trade freezes in 2016 rejected

Beltone’s appeal of 2016 trading reversals faces setback: The Board of State Commissioners has recommended to the Administrative Court that it reject Beltone Financial’s claim that the Financial Regulatory Authority and EGX did not have grounds to reverse trades in Beltone’s shares made back in 2016, reports. The FRA had submitted documents to the Administrative Court alleging that some Beltone shareholders had engaged in stock manipulation.