Sections 6 (1) and 22 Registration Rules of Brokers and Agents, 2001, R8 Stock Exchange Members (Inspection of Books and Records) Rules, 2001, Rr 3, 4 and 7 of the Net Capital Balance (NCB) inspection team Irregularities in Accounting The brokers submitted their report, examining the books and records required to maintain the brokers, stating that there were irregularities in the calculation of net capital balance (NCB) that N.C. The Securities and Exchange Rules did not comply with the Third Schedule of 1971. It was further highlighted that the broker company was involved in making late payment charges to its clients, failing to maintain proper account books and failing to produce the NCB certificate as per the rules. I was unsuccessful, it was important for investors to recover. The broker companies are confident that the broker company adheres to the rules, rules and procedures set forth in the commission. As a professional with high integrity who was beyond reproach. And it must be done in a fair, competent and unbiased manner. Violation of the rules and regulations was a serious matter, the Commission, which had been gentle in the matter, was directed to impose a fine of Rs 25,000 on the broker company: (a) the rules, 1971, and continued with the letters and the spirit. Adhere to the guidelines provided. (B) stop the practice of imposing late payment charges immediately. (C) maintaining appropriate account books to record proprietary and client investments, and (d) ensuring the separation of client assets and client funds.
Related judgments — Securities and Exchange Commission of Pakistan, 2015
