Brokers’ Liability For Capital Market Manipulation: A Comparative Study Between The Saudi Law And Egyptian Law

Abstract

Brokerage companies' manipulation of securities prices causes significant losses for investors, thus forms of manipulation done by those companies were studied, and liability was proven under Saudi and Egyptian laws. The study resulted in limiting capital market brokerage to joint stock companies. There is a link between broker manipulation of securities prices, failure to respond to investor complaints, the exit of many small investors from investing in securities, and considerable disparity in sanctions between Saudi and Egyptian laws.