Sunday 3 April 2011

WAM | PhD dissertation calls for creating financial markets criminal court

A member of the UAE judicial system has called for modifying the laws of the securities and commodities markets to allow for the establishment of criminal court on financial markets to specialize in combating illegal practices and boost integrity and investors' confidence.

Dr Hamad Saif Musallam Al Shamsi, head of prosecution at the Federal Attorney General's office made the call in his PhD dissertation to the University of Exeter on the UK's financial services saw for the year 2000.

The dissertation is a comparative legal research aims to analyze legal issues related to illegal practices at financial markets.

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