{"id":600599,"date":"2019-02-04T03:40:50","date_gmt":"2019-02-04T03:40:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/"},"modified":"2019-02-04T03:40:50","modified_gmt":"2019-02-04T03:40:50","slug":"beltone-appeal-against-repeated-trade-freezes-in-2016-rejected","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/","title":{"rendered":"Beltone appeal against repeated trade freezes in 2016 rejected"},"content":{"rendered":"

Beltone\u2019s appeal of 2016 trading reversals faces setback: <\/b>The Board of State Commissioners has recommended to the Administrative Court that it reject Beltone Financial\u2019s claim that the Financial Regulatory Authority and EGX did not have grounds to reverse trades in Beltone\u2019s shares made back in 2016, reports. The FRA had submitted documents<\/a> to the Administrative Court alleging that some Beltone shareholders had engaged in stock manipulation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Beltone\u2019s appeal of 2016 trading reversals faces setback: The Board of State Commissioners has recommended to the Administrative Court that it reject Beltone Financial\u2019s claim that the Financial Regulatory Authority and EGX did not have grounds to reverse trades in Beltone\u2019s shares made back in 2016, reports. The FRA had submitted documents to the Administrative […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[812,72,76,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600599","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-beltone-financial","tag-enterpriseam","tag-financial-regulatory-authority","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a06a5ec3-a5bc-4e02-9a5e-e34f0b18f660","is_powered_by":true,"section_story_id":"bf80f461-608c-4fc0-97dd-3ab1460771aa","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600585],"teaser":"","voice_url":""},"yoast_head":"\nBeltone appeal against repeated trade freezes in 2016 rejected - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beltone appeal against repeated trade freezes in 2016 rejected\" \/>\n<meta property=\"og:description\" content=\"Beltone\u2019s appeal of 2016 trading reversals faces setback: The Board of State Commissioners has recommended to the Administrative Court that it reject Beltone Financial\u2019s claim that the Financial Regulatory Authority and EGX did not have grounds to reverse trades in Beltone\u2019s shares made back in 2016, reports. The FRA had submitted documents to the Administrative […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-04T03:40:50+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Beltone appeal against repeated trade freezes in 2016 rejected\",\"datePublished\":\"2019-02-04T03:40:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Beltone Financial\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/\",\"name\":\"Beltone appeal against repeated trade freezes in 2016 rejected - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-02-04T03:40:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Beltone appeal against repeated trade freezes in 2016 rejected\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Beltone appeal against repeated trade freezes in 2016 rejected - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/","og_locale":"en_US","og_type":"article","og_title":"Beltone appeal against repeated trade freezes in 2016 rejected","og_description":"Beltone\u2019s appeal of 2016 trading reversals faces setback: The Board of State Commissioners has recommended to the Administrative Court that it reject Beltone Financial\u2019s claim that the Financial Regulatory Authority and EGX did not have grounds to reverse trades in Beltone\u2019s shares made back in 2016, reports. The FRA had submitted documents to the Administrative […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-02-04T03:40:50+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Beltone appeal against repeated trade freezes in 2016 rejected","datePublished":"2019-02-04T03:40:50+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/"},"wordCount":75,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Beltone Financial","EnterpriseAM","Financial Regulatory Authority","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/","name":"Beltone appeal against repeated trade freezes in 2016 rejected - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-02-04T03:40:50+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/beltone-appeal-against-repeated-trade-freezes-in-2016-rejected\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Beltone appeal against repeated trade freezes in 2016 rejected"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":599636,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/court-refers-beltone-cases-against-fra-to-expert-committee\/","url_meta":{"origin":600599,"position":0},"title":"Court refers Beltone cases against FRA to expert committee","author":"enterpriseam admin","date":"6 January 2019","format":false,"excerpt":"Administrative Court refers Beltone appeal against FRA decision to Board of Commissioners: An administrative court has referred Beltone Financial\u2019s cases against the Financial Regulatory Authority (FRA) to its Board of Commissioners and set 26 January as deadline to receive legal advice, Matouk Bassiouny\u2019s head of litigation, Osman Mowafy, told Al\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600298,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/beltone-en-route-to-lose-appeal-against-egypts-fra\/","url_meta":{"origin":600599,"position":1},"title":"Beltone en route to lose appeal against Egypt\u2019s FRA","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"Advisory body reportedly recommends court turn down Beltone\u2019s appeal of its suspension. The Administrative Court received yesterday a report from the Board of State Commissioners recommending it reject Beltone\u2019s appeal a suspension handed to the investment bank\u2019s IPO unit by the Financial Regulatory Authority, reports Al Shorouk. The report found\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/290.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570985,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/26\/beltone-financial-sells-us-based-brokerage-auerbach-grayson\/","url_meta":{"origin":600599,"position":2},"title":"Beltone Financial sells US-based brokerage Auerbach Grayson","author":"enterpriseam admin","date":"26 April 2020","format":false,"excerpt":"M&A WATCH- Beltone Financial sells US subsidiary Auerbach Grayson: Beltone Financial Holding has completed the sale of its 60% stake in New York-based brokerage Auerbach Grayson to an unnamed group of investors, the company said in a statement (pdf) on Thursday. The investment bank said the sale will be finalized\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604726,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/11\/egypts-fra-postpones-beltone-appeal-hearing-again\/","url_meta":{"origin":600599,"position":3},"title":"Egypt\u2019s FRA postpones Beltone appeal hearing again","author":"enterpriseam admin","date":"11 December 2018","format":false,"excerpt":"FRA postpones hearing on Beltone appeal to 17 December: The Financial Regulatory Authority has postponed to Monday, 17 December is hearing on Beltone Financial\u2019s appeal hearing of a six-month suspension handed to its investment banking arm, according to Al Mal. The hearing was first scheduled to take place on 26\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599691,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/fra-looking-to-file-criminal-case-against-beltone-officials-over-sarwa-ipo\/","url_meta":{"origin":600599,"position":4},"title":"FRA looking to file criminal case against Beltone officials over Sarwa IPO","author":"enterpriseam admin","date":"8 January 2019","format":false,"excerpt":"FRA looking to file criminal case against Beltone officials over Sarwa IPO: The Financial Regulatory Authority (FRA) is looking to file a criminal case against officials at Beltone Financial\u2019s brokerage and investment banking arms over alleged irregularities in the IPO of Sarwa Capital, according to statements from the FRA presented\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/543.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605181,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/fra-rejects-beltones-appeal-of-its-six-month-suspension\/","url_meta":{"origin":600599,"position":5},"title":"FRA rejects Beltone\u2019s appeal of its six-month suspension","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"The Financial Regulatory Authority (FRA) rejected yesterday Beltone Financial\u2019s appeal of a six-month suspension handed to its investment banking arm over alleged irregularities in the IPO of consumer- and structured-finance player Sarwa Capital, Al Mal reports. The FRA alleges that Beltone inflated subscription figures in the bookbuilding process and claims\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600599"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600599\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600585"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600599"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600599"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}