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HONORARY CAPT. (RETD.) NOOR AHMED versus ALY OSMAN, JOINT DIRECTOR (SECURITIES MARKET DIVISION) SEC

Rejecting Section 20 and 33, the appellant alleged in his complaint that his shares were sold by the respondents (the brokers) without his permission. That its shares were sold within 5 minutes of the opening of the market, which led to a loss and that all its shares were not "exchanged" as their As instructed, the legitimate appellant did not deny that there was a debit. The balance of his account and the appellant cannot indicate any legal restriction on the respondent selling the shares of the appellant to clear his liabilities The account opening form allows the broker to sell the shares to clear his liabilities. Apparently the respondent (broker) stated that he had waited a day to sell some shares to determine the most awaited position, the appellant himself admitted that he had been respondent's brokerage house. Did not visit that the appellant believes that his shares were sold early in the morning, thus not accepted. Or could. Risk business where the value of the shares varies all day and it was quite possible that the value of the shares belonging to the appellant could decrease during the day There was no merit in the ND's request that the shares be sold at the wrong time. The respondents (brokers) had given a reasonable reason not to hold all the shares of the appellant in "revenge." Respect is not expected to follow the instructions given by the appellant in this regard. famous supreme court advocate from Phalia lawyer