(The Chairman of Securities Commission, Mr. Hassan Al-Ukaily (The role of brokerage firms

The Chairman of Securities Commission, Mr. Hassan Al-Ukaily said about the role of brokerage firms, "The brokerage firms hold a license from the Securities Commission to operate in the Iraq Stock Exchange, and they are subject to strict supervision on a daily basis by the commission,” pointing out that “the trades conducted by the broker are subject to daily monitoring by the market and the commission.” He stressed that "brokers are licensed and highly trained, and the commission is studying expanding their powers, as their role is limited to buying and selling to the investor,

And very soon, the Commission will issue a regulatory regulation that expands their powers (brokers) and gives them the authority to give a financial consult according to conditions and controls, since the broker is now not authorized to provide advice.

Al-UKaily said "ISC will allow brokers to trade on margin, which is a system defined in the stock exchanges, but in Iraq it does not exist."

it will allow the broker to finance part of the deal from his money, that is, the buyer of the security covers part of its price and part is covered by the broker, and the broker collects his money through payments,” explaining that “this will come to light soon.”