Majlis to Probe Dramatic Decline in Stock Market

Lawmakers on Tuesday approved a proposal from the Majlis Economic Commission to investigate the historic stock market decline plus the performance of its regulator, the Securities and Exchange Organization.
Investigators will look into developments in the Tehran Stock Exchange early in the last fiscal year that led to the unprecedented hike in share prices in five months followed by the historic plunge that has almost continued until today.
MPs also want to investigate the relevant authorities approach to the issue as well as the frequent changes in SEO management, which, some lawmakers say, at times failed to uphold administrative formalities, the parliamentary news website, ICANA, reported.