SHOW-CAUSE NOTICE ISSUED TO MRA SECURITIES (PVT.) LIMITED versus
Section 22 Brokers and Agents Registration Rules, 2001, Rr 8, 12 and Third Sheds by the Company without any reasonable justification and for the sale of shares in its proprietary accounts without violation of the Code of Conduct , A member of the stock exchange, was sold. Shares of the proprietary accounts of the affiliated companies When the Commission asked for clarification on the sale of the company, the company said that its proprietary accounts were traded by its client and the shares were already sold before the sale. There was no evidence to prove the interest existed. It provides a reasonable justification for the Company to execute customer orders in its proprietary accounts. It was clear, under these circumstances, that the Company applied sales to its proprietary accounts, without any pre-existing interest, to the extent that the Company automatically placed the orders of its customers with proprietary codes in the trading system. Held that it did not disclose that the Company with due care, skill and promptness in the proceedings and in the process sold the proprietary accounts without submitting any pre-existing interest in submitting false information and proprietary accounts. By putting together the orders of my clients, their profitable company can also be at risk. . The Companies Ordinance, 1984 and the provisions of the Stock Exchange, which in turn violated the Code of Conduct under the Third Schedule of Brokers and Agents Registration Rules 2001; Was unable to maintain. Business and
Related judgments — Securities and Exchange Commission of Pakistan, 2010
