Egypt Regulator Receives 18 Complaints against Securities Firms in June

Egypt’s financial regulator – the Egyptian Financial Supervisory Authority said it has received around 18 new complaints against securities firms last June. Accordingly, the total number of complaints received by the EFSA has upped to 85.

The EFSA said 21 complaints were studied during June, while 64 others are still under study.

The complaints during June were about the blank sale and purchase orders through the intermediary obtaining finance from him in amounts exceeding the investor’s financial capability. EFSA noted that 4 complaints been handled which are equivalent to 19% of the total number of complaints reviewed.