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NAUREEN AHSAN versus DIRECTOR (SECURITIES MARKET DIVISION) SEC

Section 33 Appellant / Complainant Rejects Complaint for Illegal Use and Illegal Sharing of Account Delegation Appellant / Complainant Claims that He Has Opened an Account with the Bank and Authorized His Father to Run the Account on his behalf That said, the account operates on an interactive basis. Through a bank complainant's employee, his father alleged that his father, who was ill, went abroad for medical treatment and returned after six months and said during this period The employee did not authorize him to do so despite running his account. The complainant further alleged that his father had some shares, which were kept from his account in the bank with the broker in his account and that he was sold without any authorization, or his The father's complainant also alleged that he had an account. Through the bank, it was illegal and was transferred to another company without its permission. The complainant complained that the bank and its employee had misused his account and He has been requested to refund the balance of his shares as well as the balance in his account, but the Director of the Commission has legally dismissed the complaint, on which the complainant's account is transferred from the bank to another. Transferred to the company, there was no valid basis, because both the bank and the company are separate legal entities, an account and its balance However, the account could not be transferred without the option of the holder when doing so for both the bank and the institution advocate from Lakimarwat lawyer