Article 124 of Capital Markets Authority Law

Any person proven to have a disclosed interest who publicly encouraged or recommended the purchase or sale of a particular security shall be punished by imprisonment for a term not exceeding five years and a fine of not less than five thousand dinars and not more than fifty thousand dinars, or either of these two penalties. An undisclosed interest means any hidden commission, return, grant or gift from an issuer, intermediary, trader, adviser or subscription related to the security.