SHOW CAUSE NOTICE ISSUED TO UNITED CAPITAL SECURITIES (PVT.) LIMITED versus
Failure to comply with the rules of Article 22 Brokers and Agents Regulations, 2001, 12, Schedule III, a detailed analysis of the Company's trading data indicates that its two clients traded the script in this manner. Under which most of their transactions were matched. One another; and this resulted in price increases based on the script's price, indicating the script's chronological trading details, which stated that clients traded through the company were important traders back in those days Prices were seen to rise and it was noted that on different occasions it was said that two customers regularly offered their bids and offers in the upper bounds so that the bid and offer could match each other. And while the script prima facie closed at the upper end of the day, it appeared that the clients were mingling with the script, and it was clear that the company had neglected to conduct its business, Unable to detect. Extraordinary trade tests conducted through its terminals, company-led transactions, inflation in prices and artificial volumes in scripts are the result of false market conditions. This company was a must. Its business with proper care and expertise. And to maintain appropriate systems and controls to ensure that its business was conducted in accordance with the law, which during the review period the company was in the midst of a broker, Brokers and Agents Registration Regulations 2001 R 12 lb
Related judgments — Securities and Exchange Commission of Pakistan, 2012
