Article 18 and 22 Securities and Exchange Rules, 1971, R4 (4) Unauthorized Trading Company by Broker Company Since the opening of its account in the prima facie this particular month, no trading has been done by the complainant's account, It is alleged that the broker / company violating Section 18 of the Securities and Exchange Ordinance, 1969, submitted false and inaccurate information to the Commission since the complainant's account balance and account balance statements provided by the company, the complainant's stock exchange Are inconsistent with the trading data of, so it is sufficient to assume that the broker declined Shin was provided with incorrect information. Trading activity in the complainant's account The position of the broker in whose shares the complainant was held in his account, violation of section 18 of the Securities and Exchange Ordinance, 1969, was not acceptable. If any person fails to comply with the terms of the Ordinance, or any rules, or rules made under it, the Commission violates the Ordinance of the Securities and Exchange Ordinance, 1969, of such person. In the event of a serious case, such money shall be fined according to Section 22 of the Securities and Exchange Ordinance, 1969. May order payment to the Commission via the In violation of Section 18 of the Securities and Exchange Ordinance, the company was instructed to pay a fine of Rs. 500,000 (Rs. 500,000) to the Commission through fine, the company in its statement said, to collect money from the complainant. Confessed, was credited to his account authoritatively, and proved that
Related judgments — Securities and Exchange Commission of Pakistan, 2015
