SHOW-CAUSE NOTICE ISSUE TO FAIRTRADE CAPITAL SECURITIES (PRIVATE) LIMITED versus
Section 5A and 22 Brokers and Agents Registration Rules 2001, Code of Conduct 12 and Third Schedule Penalty After examining Karachi Automated Trading System (KATS) data, it noted It was reported that the company did not enter the client code properly. In a different script from the clients of the Lahore Stock Exchange (Guarantee) members, the Commission on Implementation of Interchange Trade has, in its letter, advised the company to provide its feedback and documentary evidence to clarify its position in the matter. The company's response was not considered satisfactory. There was no valid reason, explanation, evidence or justification for the execution of the clients of the Lahore Stock Exchange members of the trading companies in the proprietary accounts. In order to have a fair, effective and transparent market, it was necessary that every trade should have a Be hanged on the spot. The stock exchange must be tracked to recognize the true identity of the beneficial owner act of the company. The legal framework contained in the Code of Conduct set forth in the Securities and Exchange Ordinance, 1969, in the proprietary accounts of members of the Lahore Stock Exchange. Contrary to the provisions of the Work and Brokers and Agents Registration Rules 2001 such execution was disclosed to this company. The business had failed to maintain the company's high standards and integrity; the commission had also failed to comply with the specific company-issued directive, in the circumstances, contrary to rules A1, A2, A5 and D1 (2) of the Code of Conduct. Was violated. Section 5A of the Securities and Exchange Ordinance, 1969, and the registration of brokers and agents.
Related judgments — Securities and Exchange Commission of Pakistan, 2011
