The Kuwait Capital Markets Authority published a Disciplinary Board decision imposing a financial penalty of KWD 50,000 on Cap Kuwait Financial Brokerage Group Company for breaches of its Executive Bylaws rules on clients’ funds and assets, securities activities and registered persons, and business ethics. The decision (Disciplinary Board Resolution No. 64/2024, Complaint No. 08/2024) cited departures from duties and obligations under Article 6-1-6 item 7 of Book VII (Clients’ Funds and Assets), Article 1-14-2 item 1 of Module V (Securities Activities and Registered Persons), and Article 1-4 item 11 of Module VIII (Business Ethics) of the Executive Bylaws of Law No. 7 of 2010, due to causing the loss of its funds deposited in its trading account.
Kuwait Capital Markets Authority 2026-02-09
Kuwait Capital Markets Authority disciplinary board fines Cap Kuwait Financial Brokerage Group Company KWD 50,000 for breaches of client funds and business ethics rules
The Kuwait Capital Markets Authority imposed a KWD 50,000 penalty on Cap Kuwait Financial Brokerage Group Company for breaching Executive Bylaws related to clients’ funds, securities activities, and business ethics, as outlined in Disciplinary Board Resolution No. 64/2024.