Saudi CMA slaps $1.12mln fine on 2 Swiss firms over unlicensed dealings

Saudi Arabia’s Capital Market Authority  has confirmed that two Swiss companies have been fined 4.2 million riyals ($1.12 million) for unlicensed securities dealings. The regulator said the Appeal Committee for Resolution of Securities Disputes (ACRSD) has issued its final ruling convicting two businesses, the Swiss International Marketing Company and the…