Sections 21 and 22 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 29 Brokers and Agents Registration Rules, 2001, Rr 8 and 12, Third Schedule, Code of Conduct of Unlawful Shares of Trade, Complainant It is alleged that unauthorized trading in their accounts was done by one of the registered agents of the company's Securities and Exchange Commission, which advised the company to resolve the issue, but the company responded to the commission despite the memorandum. If unsuccessful, the company mentions that it is not responsible for any statement made by the agent. The Commission launched a probe under section 21 of the Securities and Exchange Ordinance, 1969, under the Securities and Exchange Commission of Pakistan Act, 1997, presented the showcase notice to the company and appointed the inquiry report to the inquiry officers. ? The Company conducted illegal trading in violation of Clauses A 1 and B 6 o The Code of Conduct contained in the Third Schedule of Code of Conduct, in which the Company acted with due diligence, care and diligence in conducting its business. Had to do. And it should not underestimate the interests of the clients themselves, thus violating the rules of brokers and agents, 2001 Company R12, the facts under its letter were misrepresented and misleading the commission. Attempted to, and complained that the accounts were used unauthorizedly. The Company's agent, under the circumstances, failed to master and care for the Company's conduct, while the subject matter was irresponsible and unusual.
Related judgments — Securities and Exchange Commission of Pakistan, 2012
