SHERMAN SECURITIES (PVT.) LIMITED versus JOINT DIRECTOR (SMD)SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Section 33 Securities and Exchange Ordinance (XVII of 1969), Sections 17 and 22 Brokers and Agents Registration Rules, 2001, RR 8 and 12 and the third schedule unfair trading practices and Code of Conduct Company violations during March 2005 So done. Twenty-one trades in shares of various companies through the Karachi Automated Trading System (KATS) Securities and Exchange Commission of Pakistan acquired KATS data from the Karachi Stock Exchange for the corresponding period, which it disclosed. It was reported that in March 2005 the company carried out the trade. The cancellation of each other; and the change of beneficial ownership did not result in the issuance of a notice of notice to the company which responded that the Joint Director of the Commission was not satisfied with the response of the Company; Imposes a fine of Rs 100,000 on Section 17 of the Securities and Exchange Ordinance, 1969, only if the company creates fraudulent trading and misleading professional conduct in any security, fraud or fraud. Or to act as a manipulator, there is no such charge against him. The company was proved by the facts and the evidence on record that the company failed to operate efficiently, with care and diligence in conducting its business, and had filed brokers and agents' registration, RR 8 (iv). Is violated. Rolls, 2001 The company was not accused of being involved in the aforesaid transaction, but it certainly violated the Code of Conduct, which involved interrupting the fair and smooth functioning of the market. The effect of, like the wash trade
Related judgments — Securities and Exchange Commission of Pakistan, 2012
