SHOW-CAUSE NOTICE ISSUED TO ACE SECURITIES (PVT.) LIMITED versus
Violations of the Code of Conduct violated the rules of registration of Section 22 Brokers and Agents by their clients, 2001, R8 and Third Schedule in the vacant sale, the trade was executed without the current interest commission. The Company issued a showcase notice to the Company on behalf of its clients under Section 22 of the Empty Sales and Securities and Exchange Ordinance, 1969, and the Brokers Rules stated that the Company primarily violated clause A (12). ), A (5)) without any current interest in the rules of the brokers' rules set forth in the Schedule, presenting sales orders, interrupting the fair and smooth process of the market and simply executing another investor company Had created a misguided impression of Sales by its clients violated the Code, which in turn was a violation of the Code of Conduct which the Company was required to comply with. o Perform this business with proper care and skill and have proper systems and controls to ensure that its business was conducted in accordance with applicable sales rules and sales orders and then pre-existing interest. Without it, the watchdog clearly showed that the company had failed to carry out its business diligently, carefully, and that it had easily and fairly interfered with the rules violating the market. , This was a serious matter that entitles the commission to suspend membership of the company commission, Sec Under the exercise of powers under section 22 of the Eurties and Exchange Ordinance, 1969, the company was fined Rs 600,000.
Related judgments — Securities and Exchange Commission of Pakistan, 2010
