R 8 and the schedule of purchase of shares in its proprietary accounts in violation of the Company's rules and regulations, the company executed the client's business in its proprietary account through various members of the stock exchange. It was said that the companies had failed to maintain their business. The high standards of integrity, urgency and fairness of the business company had further failed to comply with the specific instructions issued by the Commission and the Stock Exchange. To avoid this, it is the responsibility of the Company to familiarize themselves with the applicable rules and regulations. Any violation of the same company violated Rules A1, A5 and D1 (2) of the Code of Conduct contained in the third schedule of 2001, rules for registration of brokers and agents by executing trade. There was a violation of the rules and regulations. However, a very serious case, in view of the fact that company representatives had assured that in the future they would be more cautious, in the use of force under R8 (b) of the Brokers and Agents Registration Rules 2001 50,000 (fifty thousand) was fined.
Related judgments — Securities and Exchange Commission of Pakistan, 2009
