MUHAMMAD HANIF Y. BAWANY versus DIRECTOR (SMD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Section 33 Securities and Exchange Ordinance (XVII of 1969), Sections 15A, 15B, 15C&15E Company Insider Trading Chief Executive Officer, who attended the meeting of the Company's Board of Directors, which has half yearly accounts For the period ended 30 2009 12 2009, in terms of Section 15C (1) of the Securities and Exchange Ordinance, which was internal, there were sensitive data for half of the annual accounts / value of 1969 which resulted in a positive There was a display of financial Outlook information. Under section 15B (1) (a) of the Securities and Exchange Ordinance, the Company's Chief Executive Officer, prior to the end of the Board of Directors, had information within a meeting with the Chief Chief who traded in the Company's shares. The executive officer trades "insider" in the company's shares, while \ insider holds information of and is involved in "insider trading" under section 15A (2) (a) of the Securities and Exchange Ordinance, 1969. ? Profit or avoidance, \ Insider Trading \ was not part of the fact that the Company's Chief Executive Officer is involved in insider trading in, sufficient to seek the penal provisions of section 15 (e) of the Securities and Exchange Ordinance. Was. , 1969 as the Chief Executive Officer, transmitted / disclosed internal information pertaining to the financial results of the Company, while this information was not publicly punished under Section 15E (3) of the Securities and Exchange Ordinance, 1969. Was. The Company's Chief Executive Officer \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2011
