Stock Market Malefactors Penalized

The Securities and Exchange Organization, Iran's stock market regulator, said it has penalized 21 CEOs of listed companies for not abiding by SEO regulations and warnings have been sent to many more, head of the SEO legal department said. 
He said the managers violated rules that oblige listed companies to designate market makers and facilitate liquidity of shares. 
"The eligibility of 21 CEOs for managerial posts were suspended for six months," Jafar Jamali was quoted as saying by the Securities and Exchange News Agency (SENA).