Section 15A & 15B Fine Insider Trading Practices Internal Fines For the relevant period on the Karachi Stock Exchange trading data, it has been observed that the Company's share price has seen a sudden increase and its value is 5. With a very small volume, it has increased from Rs. 16 to Rs. 44, since it has been stated that doing business in the company's script is a clear violation of Section 15A of the Securities and Exchange Ordinance. It was released why it could not be prosecuted. Section 15B of the Company's Ordinance Representative was unable to explain the reasoning behind the Company's transaction in light of the representative's insider trading terms regarding the lack of information about the securities law, to be established In view of the unacceptable Latin rule in the Maxim \ Ignorantia Juris Neminum Excusat of sh (there is no excuse for a law) form of opening a company wit account h brokerage house indicated that the company has been trading since January 2009 I'm doing business, which has proven that the company is not a market leader and a legal regulator Even though the company director is an experienced business person, he / she is keen to get basic information about insider trading law while investing in the capital market. However, the assurance provided by the company by the representative was appreciated, but it could not be obligated to the company under the law. It was established that the director of the company, the insider trader, made it official due to his ability
Related judgments — Securities and Exchange Commission of Pakistan, 2011
