4, 8, 12 and Schedule Security and Exchange Commission Shares were transferred, complaints were received against the Company over the last five months in the complainant's CDA accounts / transfer of shares and non-payment of funds. An unauthorized pledge / transfer of securities was declared by the company. In addition to the complaints, the Karachi Stock Exchange also reported a number of investor complaints / claims against the company, during which the company acknowledged the non-transfer of shares. Consumers did not take any concrete action to resolve complaints or claims of pending investors of the Company regarding the CDA accounts and the transfer of these shares, the company not only made unauthorized pledges / transfers The source had misused his clients' securities, failing to resolve outstanding investor complaints / claims despite a five-month oven break. The Company's conduct was a clear violation of R12 of the Regulation of Brokers and Agents Regulations 2001, which mandated the broker holding the registration certificate under the said rules to strictly adhere to the Code of Conduct and I maintain high standards of integrity, urgency and justice. Regarding all of its business, it has been stated that Rolls, 2001 Company had clearly ignored the requirements of R4 or 12 of the Brokers and Agents Registration Rules 2001 and failed to comply with the rules and regulations. Violations of the rules were issued from time to time by the Commission. And not following the Commission's directive was a serious matter that involved the company's stringent action in the securities business.
Related judgments — Securities and Exchange Commission of Pakistan, 2009
