SHOW CAUSE NOTICE ISSUED TO MR. WASIM HYDER JALBANI versus
Section 15A Companies Ordinance (XLVII of 1984), Section 282 (I) of the Investment Company's Internal Trading Fund Manager and the funds managed by it, were part of the Investment Committee. He was involved in the decision making of investment / investment of the Islamic Fund, Securities Fund Departments and was privy to the investment information that the Funds Company had authorized the above manager to operate the trading account on his behalf. Was given during a site inspection. Regarding the Company and the Funds, the Fund's trading details were reviewed, including details of the trading activities undertaken by the Defendant's brother and it was observed that the Respondent's brother was an active market participant. And he carried out his business activities. Respondent's brother's activities were reviewed in connection with the trading of funds, the larger trading portion of the respondent's brother was made in the process of reconciliation with the funds, in which the defendant's brother exchanged the trade period. Was in close harmony with. Details of suspected trading by Funds Respondent's brother in 21 different scrips. Details from Broker Houses revealed that Defendant had authorized Brother to operate his trading account on behalf of Respondent being the Fund Manager. Avoided insider information about investing through the defendant's brother's funds, mostly in these scripts, which trade did the funds exchange, while the defendant's manager funded the defendant's brother with a large sum of money. The significant amount of the profit in the trading account and its trading pattern clearly indicated that the claim He made them
Related judgments — Securities and Exchange Commission of Pakistan, 2012
