SALMAN ALI HUSSAIN versus DIRECTOR (SMD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Section 224 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 The incorporation of a company officer into insider trading penalty Enforcement of a penal appellant, employed as a fund manager, as manager, equity trading department. Was also working. ; Company investment committee member and appellant was also involved in decision making in relation to the daily investment of company funds; after looking at the stock exchange trading data during the review, he made the transfer. Transferred by another company in its own capacity and its trade was concentrated in the same way in which the Funds did the appellant's business in a manner whereby the appellant had a lower rate than before the activity of the fund began to be purchased. I bought and sold shares. As a result of the purchase made by the Funds Authority, the shareholders again approved the immovable order and fined Rs 357,592 on the amount of profit received on the basis of internal information and arms to the appellant. Directed to put it, which said that money is profitable, Appellant realized that Appellant failed to comply with company policy to trade shares in personal capacity. He failed to obtain the company's prior approval before trading in securities and was required to trade through the company, while he was traded through another company, once again involved in appellant's insider trading. There was a clear violation of policies. The question is, whether the appellant was walking in front or not, was not born
Related judgments — Securities and Exchange Commission of Pakistan, 2011
