In light of the tremendous economic development the world has recently witnessed, the rapid evolution of modern technologies used in this activity, the prevailing economic freedom based on a free market economy, and the scientific and technological revolution that has contributed to economic development, financial markets have been established to play a significant role in the economy of a country in general, and for individual investors and non-investors alike. This is due to the financial liquidity that investment in securities provides to issuing companies, which in turn use this liquidity in economic projects and activities that benefit overall development. This development yields a positive return for the country's residents, as well as for the companies and their investors specifically. Hence, the role of securities markets emerged in achieving the balance of investing and directing stagnant capital towards beneficial projects.

For securities markets to perform their intended function, it was necessary for securities to be traded within these markets. This aims to encourage investment in these securities through the returns investors gain, benefiting from the difference between the purchase price and the selling price.

Given the importance of securities, various legislations have focused on regulating securities markets and the trading of securities within them, especially after the emergence of illicit practices that became evident following the economic crisis that swept the United States in 1929, known as the Great Depression. This prompted the American legislator to create a mechanism to protect the securities markets, which was achieved by issuing the Securities Act of 1933, followed by the Securities Exchange Act of 1934. As for the Jordanian securities market, which is considered a developing market like most in the region, it recognized the need for a law to protect and regulate securities trading in 1976.

With the expansion of securities trading in Jordan, interest in this market grew, as reflected in the legislative development of the Securities Law No. (23) of 1997, which was repealed by the currently effective Law No. (76) of 2002. This latter law is considered a quantum leap in the evolution of securities trading in the Hashemite Kingdom of Jordan.

• ISBN: 9789957163686
• Weight: 0.550 kg
• Dimensions: 17x24 cm
• Paper: White
• Pages: 208
• Year of Publication: 2010
• Binding: Hardcover