Identifying the dimensions and components of the duties and responsibilities of securities issuers in the primary market towards investors

Subject Areas :

Hamid Joudaki ¹ , Abdolmohammad Kordi ^{2 *} , Jamshid Mirzaei ³

1 - Department of Private Law, Khorramabad Branch, Islamic Azad University, Khorramabad, Iran.
2 - Assistant Professor, Law Department, Khorramabad Branch, Islamic Azad University, Khorramabad, Iran.
3 - Assistant Professor, Law Department, Khorramabad Branch, Islamic Azad University, Khorramabad, Iran.

Received: 2024-03-12 Accepted : 2025-02-26 Published : 2025-05-04

Keywords: Loss compensation, investment, stock exchange, issuer, primary market,

Abstract :

Securities issuers are known as one of the important pillars of the securities market. The existence of many advantages in this market has led many companies to gain the necessary motivation to participate in these markets and enter the financial markets. In order to increase their capital and take advantage of other existing advantages by offering their securities. In this regard, considering the benefits they gain from this, they must behave in a way that protects the rights of shareholders and investors in this market and does not cause them losses. The appropriate legal behavior of issuers, along with other pillars of the securities market, can reflect this importance so that investors face the least harm in this market. Undoubtedly, the recognition of the legal duties of issuers by them and also by investors as the most important pillar of the capital market will increase investment, as well as public trust and improve the economy of the society, while drawing a transparent and efficient market. The examination of these duties and responsibilities, some of which are the responsibility of the Securities and Exchange Organization and some of which are the responsibility of the issuer, is the focus of this article, so that by explaining the most important duties of issuers towards investors and aligning their most important parts with American and French law, legal responsibilities can be considered for them in accordance with these duties.

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