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DJM SECURITIES (PVT.) LIMITED versus JOINT DIRECTOR (SECURITIES MARKET DIVISION) SEC

Section 17 Brokers and Agents Registration Rules, 2001, R8 (iv) Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Failure to maintain high-quality integrity, specializing in conducting fine appeal and Fines applied for maintenance. It was claimed against the respondent's department that there was no reason why the appellant was fined for failure to maintain high quality integrity, skill in running his business and maintenance. Was that the appellant's part lacked integrity when conducting the trade or, moreover, he had acted dishonestly. Apart from that, the volume of trade in question was so important that in any case, the appellant had to act. Could not, in any case, be penalized for market manipulation. The quest given by the respondent / joint director in which the appellant was involved. The manipulation, fraud, and fraud practices were contrary to the result of an unauthorized injunction if the appellant was indeed involved in the manipulation and then proceeded against it under section 17 of the Securities and Exchange Ordinance, 1969. Should have been, in violation of Appellant's Code of Conduct, however, he had not demonstrated competence, trading through the circumstances surrounding his client. It has been shown that there was no lack of integrity in the acquisition of the appellant, since the volume of trade was not significant, therefore, the appellant was fined Rs 25,000, which directed the appellant to be cautious in the future. The necessary steps to meet the standards and standards set forth criminal advocate from Chakwal lawyer