TEHRAN, Iran, Dec.6
Iran is looking to reform certain rules for trading shares of startup and tech companies at the stock market, said the head of the Securities and Exchange Organization Majid Eshghi, Trend reports citing IRNA.
Reforming the rules for transactions of startup and tech companies will secure investment, he said.
"Risky companies in the stock market are a serious challenge to the market," he said.
"Small companies with little income resources have sold shares to five million individuals last Iranian year (started March 20, 2020), which was one of the main issues in the market," he indicated.
This trend disrupted the structure of companies and the stock market, so reforming the rules will hold back risky companies from operating at the stock market, Eshghi said, adding that this will not happen overnight.