Financial Services Companies Association: The Sector is Under Strict Oversight and Trading is a Personal Responsibility
Financial Services Companies Association: The Sector is Under Strict Oversight and Trading is a Personal Responsibility The Financial Services Companies Association has expressed its rejection of what it described as an "intense and misleading media campaign" targeting the financial brokerage sector recently through certain news websites and social media platforms. اضافة اعلان In a press statement issued on May 5, the Association — the professional body representing brokerage firms licensed by the Jordan Securities Commission — stressed that some of the circulated information lacks accuracy, distorts the sector's image, and overlooks the legal and regulatory environment under which these companies operate. The statement pointed out that the financial services sector operates under a comprehensive legal framework, including the Foreign Exchange Trading Regulation Law No. 1 of 2017 and the Securities Law, in addition to the instructions issued by the Jordan Securities Commission. This ensures that companies comply with the highest standards of professionalism and transparency. The Association clarified that brokerage firms do not directly manage clients' funds but instead provide licensed trading platforms that investors use based on their individual decisions. It added that any losses resulting from trading are the responsibility of the investor, which is clearly explained in the agreements signed with the clients. The statement rejected comparisons between current brokerage firms and the fraudulent exchanges that were shut down following the events of 2008–2012, affirming that the nature of operations and regulatory oversight has completely changed, and such comparisons do not reflect the current regulatory reality. The Association called on media outlets to verify information before publishing it and urged regulatory and media entities to fulfill their responsibilities in educating the public, especially amid attempts by some parties to mislead investors or influence their decisions with inaccurate information. It also noted that it reserves its legal right to pursue anyone who spreads false information that harms the reputation of the sector or undermines the work of licensed companies and regulatory bodies.
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Jordan Times
06-05-2025
- Jordan Times
Financial Services Companies Association: The Sector is Under Strict Oversight and Trading is a Personal Responsibility
AMMAN — In a press statement issued on May 5, the Association — the professional body representing brokerage firms licensed by the Jordan Securities Commission — stressed that some of the circulated information lacks accuracy, distorts the sector's image, and overlooks the legal and regulatory environment under which these companies operate. The statement pointed out that the financial services sector operates under a comprehensive legal framework, including the Foreign Exchange Trading Regulation Law No. 1 of 2017 and the Securities Law, in addition to the instructions issued by the Jordan Securities Commission. This ensures that companies comply with the highest standards of professionalism and transparency. The Association clarified that brokerage firms do not directly manage clients' funds but instead provide licensed trading platforms that investors use based on their individual decisions. It added that any losses resulting from trading are the responsibility of the investor, which is clearly explained in the agreements signed with the clients. The statement rejected comparisons between current brokerage firms and the fraudulent exchanges that were shut down following the events of 2008–2012, affirming that the nature of operations and regulatory oversight has completely changed, and such comparisons do not reflect the current regulatory reality. The Association called on media outlets to verify information before publishing it and urged regulatory and media entities to fulfill their responsibilities in educating the public, especially amid attempts by some parties to mislead investors or influence their decisions with inaccurate information. It also noted that it reserves its legal right to pursue anyone who spreads false information that harms the reputation of the sector or undermines the work of licensed companies and regulatory bodies.
Jordan News
06-05-2025
- Jordan News
Financial Services Companies Association: The Sector is Under Strict Oversight and Trading is a Personal Responsibility
Financial Services Companies Association: The Sector is Under Strict Oversight and Trading is a Personal Responsibility The Financial Services Companies Association has expressed its rejection of what it described as an "intense and misleading media campaign" targeting the financial brokerage sector recently through certain news websites and social media platforms. اضافة اعلان In a press statement issued on May 5, the Association — the professional body representing brokerage firms licensed by the Jordan Securities Commission — stressed that some of the circulated information lacks accuracy, distorts the sector's image, and overlooks the legal and regulatory environment under which these companies operate. The statement pointed out that the financial services sector operates under a comprehensive legal framework, including the Foreign Exchange Trading Regulation Law No. 1 of 2017 and the Securities Law, in addition to the instructions issued by the Jordan Securities Commission. This ensures that companies comply with the highest standards of professionalism and transparency. The Association clarified that brokerage firms do not directly manage clients' funds but instead provide licensed trading platforms that investors use based on their individual decisions. It added that any losses resulting from trading are the responsibility of the investor, which is clearly explained in the agreements signed with the clients. The statement rejected comparisons between current brokerage firms and the fraudulent exchanges that were shut down following the events of 2008–2012, affirming that the nature of operations and regulatory oversight has completely changed, and such comparisons do not reflect the current regulatory reality. The Association called on media outlets to verify information before publishing it and urged regulatory and media entities to fulfill their responsibilities in educating the public, especially amid attempts by some parties to mislead investors or influence their decisions with inaccurate information. It also noted that it reserves its legal right to pursue anyone who spreads false information that harms the reputation of the sector or undermines the work of licensed companies and regulatory bodies.
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JPA: Labor Day marks milestone for reform, dignity - Jordan News
JPA: Labor Day marks milestone for reform, dignity Workers are the lifeblood of production, the foundation of growth, and the guardian of national honor. The Jordan Press Association (JPA) honors them on May 1 with loyalty and respect. They are the minds that create, the arms that construct, and the consciences that never forget their responsibility to the country and its citizens. اضافة اعلان This year's Labor Day falls in the middle of significant social and economic shifts, necessitating a sincere examination that upholds the social justice ideal and restores the dignity of the working class. Without laws that adapt to changes in the labor market, fair working practices, pay that uphold dignity, and training that creates opportunities for the future, the celebration would not be complete. The Royal directives, especially those issued by His Majesty King Abdullah II in his Labor Day message, serve as a clear national compass. These directions demand the creation of a secure and fair workplace, adequate social security, and long-term vocational training, reaffirming that Jordanian workers are the foundation of the nation's economy. To achieve this goal, the National Employment Program and the Economic Modernization Vision were introduced as two stages toward a more resilient and inclusive economy. In order to ensure the creation of a productive, just, and stable society, the JPA urges the government to expedite labor reforms, address all types of labor market vulnerability, advance the equal opportunity principle, and empower women and youth. The Association affirms that free professional media will continue to protect labors' issues, serve as an accurate reflection of their aspirations and difficulties, and spur awareness and change without straying from its obligations or failing to provide them a voice.
