SHOW CAUSE NOTICE ISSUED TO ADEEL AND NADEEM SECURITIES (PVT.) LTD. versus
Failure to provide specific information to R 8 (ii) (IV), (a) (b), Third Schedule, Code of Conduct, Clause D, the Commission was advised by the Company to provide specific information regarding its client. The company provided incomplete information, including the information requested by the Commission, the client's account opening form, the business statement, financial ledgers and payments for receivables and related periods, which misleading and inaccurate showcase notices give the company complete and accurate information. Was issued for not providing and hiding. The commission was set up by the company to take full care of the information required. A company that knowingly failed to supply Rule D (2) of the Code of Conduct set forth under R8 (ii) (iv) of Brokers and Agents Registration 2001, R8 (a) (b) Was punishable under ) Stated that the Rolls Commission considered the matter lightly and instead of suspending the company under Brokers Rules R8 (a), the company was fined, using the powers under R8 (b) of the Rules. What. 50,000 and the company was strongly advised to follow the regulatory framework. The company was asked to ensure compliance with applicable legal government and commission directives to avoid any penal action under the law in the future.
Related judgments — Securities and Exchange Commission of Pakistan, 2012
