Journal of Legal Research

Journal of Legal Research

Reviewing the Right of the Stock Market Consumer to Disclose Critical Information with a Comparative Study (According to the Latest Amendments to the Instruction on the Disclosure of Information by Registered Companies to the Organization Approved in 2007)

Document Type : Original Article

Authors
1 Professor, Department of Economic Law, Faculty of Law, Shahid Beheshti University, Tehran, Iran.
2 PhD in Private Law, Faculty of Law, Shahid Beheshti University, Tehran, Iran.
Abstract
Consumers of stock exchanges or retail investors who are natural or legal persons who are non-specialized and with the goal of earning money, Without a career or a major job for them, Buy and sell securities on the stock market, Similar to other consumers, Due to its informational and economic weakness, They have special rights, including access to information which is the most valuable asset in the stock exchange and plays a vital role in the decision-making and trading of securities and is disclosed in the form of disclosure by the publisher. From the information discussed on three types, Important information, or in accordance with the Execution Instructions for the disclosure of information by companies registered with the Organization in 1386 as amended 14/9/1396 important information is more relevant than the rest of the market and plays a role in the market and that's why there's a requirement for immediate disclosure. While for other information, the publisher has certain deadlines for disclosure. In contrast to the relevant information that is correct and Right, There are rumors which is also an important, but misleading, type and through informal and illegal publication it is either endorsed or denied by the publisher and is destructive and may affect the market. In this case, the task of presenting the transparency report to the publisher is intended to neutralize it. Of course, the criminal, disciplinary and civil responsibility of the publisher remains in case of violation of her duty.
Keywords

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