SHOW CAUSE NOTICE ISSUED TO MUHAMMAD ATIF MALIK versus
Section 15E (3) was a corporate member of the Insider Trading Company Stock Exchange and worked with the Company as a potential Vice President and Head of International Sales, as part of its employment. Was responsible for handling matters. The company's foreign clients trade extensively in the shares of the defendant's mother and sister companies, including executing their trading orders. With his trade model and his significant harmony with the company's foreign clients' trade, the defendant, with observations of strong ties of solidarity, established this respondent, vice president and international head Because of his position as an intern, he was an insider. The company has sold / disclosed insider information about sales, major business orders received from foreign customers, its mother and sister. Based on this, his mother and sister were involved in insider trading and earned a significant amount of profits. The respondent was established internally based on his position and employment in the company, where he received large business orders from foreign clients. The material was found to be non-public. And he provided his mother and sister with information about foreign clients' major business orders, being one of the company's top ranking executives, including confidential information about foreign clients, including their business orders. It was expected to maintain a high degree and generally ensure its vigilance and awareness of the rules and regulations. And especially the caretaker of these areas of responsibility
Related judgments — Securities and Exchange Commission of Pakistan, 2011
