SHOW-CAUSE NOTICE ISSUED TO AZEE SECURITIES (PVT.) LTD. versus
Section 22 Brokers and Agents Registration Rules, 2001, R 8, Third Schedule Empty Sales The trading data of the stock exchange for the relevant period shows that the various clients of the company, first sell and then different scrip company I increase the prices of my positions. Acknowledging that the Stock Exchange Company's automotive trading system operators had erroneously carried out some transactions that were assured that appropriate steps were taken to prevent such empty sales in the future and minor The non-compliance company has vowed to root out. The trade was carried out without any pre-existing interest, which interfered with the fair and smooth market process and created a misleading impression on the company of other investors who had made such empty sales in their clients' accounts. Violated the Code of Conduct, resulting in a breach. Brokers and Agents Registration Code, Rule 01 of the Code, which made it mandatory for the Company to properly manage and conduct its business, provided that the Company operates every trade or service offered by its Terminal The business is responsible for overseeing all trading activities through its terminal. In order to track any transaction that might be in violation of the Company's applicable rules, it violated Articles A-2 and 5 of the Brokers Rules 2001 Code which in turn stated that the Company Was conducive to the development of unfair practices. And under section 22 of the Securities and Exchange Ordinance, 1969
Related judgments — Securities and Exchange Commission of Pakistan, 2010
