SHOW-CAUSE NOTICE NO.1(4)/INV/ MSW/SMD/2009/05 DATED SEPTEMBER 25, 2009 versus
Section 15 (a) (e) Failure to Indicate Individuals Associated with Insider Trading During the review of the trading data of the Karachi Stock Exchange, the personal activity of the individual associated with the company was affected. , Was concentrated in the same shares in which funds were traded with other companies. According to trading, the man was executed in a way that said he had invested in lesser companies before he started buying funds. Bought the shares at a lower price and sold my holdings in it. The aforementioned shares once appreciated the value of the funds resulting from the purchase, saying that the securities were acquired by the aforesaid person, as stated under the Employee Handbook Ethics and Code of Conduct, that a person should comply with the provisions. I was unsuccessful. Involved in insider trading on the basis of Section 15 (a) of the Securities and Exchange Ordinance, 1969 and the information available to him on his terms. The qualification of ial is the debate made by this person that the investment made by him was purely judgment based on his decision. And while its sale transaction was merely a coincidence with the fund's purchase transaction, it was not true that Syed had a fiduciary obligation against the fund and unit holders, based on their privileged position. Due to the prohibition of information, such persons were fined Rs. 357,592 by extraordinary benefits of short-term benefits in the exercise of their powers under section 15 (e) of the Securities and Exchange Ordinance 1969. Was imposed. Built on the basis of inside information, it also directs the individual
Related judgments — Securities and Exchange Commission of Pakistan, 2010
