SEO Wants Large Share Offers via Block Trade

The Securities and Exchange Organization, fearing fresh market volatility, has banned listed companies from offering shares on a large scale. 
“If companies want to offer large numbers of shares, they better go for block trade,” the Securities and Exchange News Agency quoted Mehdi Parchini, the SEO Head of Market Supervision, as saying. 
“The SEO has banned retail offer of such shares to help protect the interest of retail investors,” he added, expressing concern that excessive share offers could lead to a new bout of volatility.