Section 15A Companies Ordinance (XLVII of 1984), Section 282 prohibited insider trading respondents employed in the capacity of fund managers of various funds during the period under consideration. Was also a member of a company's investment committee and was involved in the decision to make daily amounts during the stock exchange trading history review, it was observed that the defendant's wife was an active market partner and he It operated through five brokerage houses. The trade in the defendant's wife's account was occasionally associated with the trade of the fund, in which the defendant was the fund manager during the review, considering that the defendant's wife was an active businessman and had, through all his accounts, been extensively The trade, only a small part of the matching or allied trade, was insufficient to conclude that the defendant and his spouse were guilty of misusing the information available to the defendant on account of their public capacity. During his trade, defendant's wife, when the defendant was a fund manager, a member of the ND Investment Committee, also reinforced defendant's arguments about interference with his wife and his father's business affairs, insider trading against defendant. There is no point in which the defendants or their spouse specifically traded funds benefited from trading. Respondents may have no role to play in determining the trading decisions of their wives' accounts. , But the fact that the defendants are concerned about funds and unit holders Was due to the seals. Responding to its privileged status, fund management issues
Related judgments — Securities and Exchange Commission of Pakistan, 2012
