SHOW CAUSE NOTICE ISSUED TO UNITED CAPITAL SECURITIES (PVT.) LTD. versus
Section 22 Brokers and Agents Registration Rules, 2001, 8, 12, Violation of Company Rules and Regulations, on the Company's Third Schedule, Empty Sale of Stock Exchange's Automatic Trading System for the Related Period Trading data shows. That the company's clients were engaged in selling and then serving their positions in various scripts The company's clients sold shares at no interest, with the company responsible for every order issued or traded by its trading terminal. And acknowledges that maintaining a loss due to error and over-sale does not exclude the Company from its obligations and that the adverse consequences of the breach should result from the Company's use of all its trading activities through its brokerage house. Monitoring should be done to prevent and prevent any transactions. Violations of any applicable rules and regulations, without pre-existing interest, interfere with the fair and smooth process of the market and by selling into a client's account without pre-existing interest create a misguided impression for the company of other investors. What is a violation of the Code of Conduct has resulted in a breach of the Code. Brokers and Agents Registration Rules, 2001 The Company, established under the Third Schedule, violated Articles A2 and A5 of the Brokers Rules 2001 Code of Conduct, which was a serious matter under which the Commission was required to suspend membership. Was entitled. Company However, in exercising the powers under section 22 of the Securities and Exchange Ordinance, 1969, the company was fined Rs 200,000 by the commission
Related judgments — Securities and Exchange Commission of Pakistan, 2010
