MKA SECURITIES (PVT.) LTD., MEMBER KARACHI STOCK EXCHANGE versus
4, 8 and 12 Unauthorized pledge / transfer of company securities suspensions Registration of the company During the past six months, the Securities and Exchange Commission received a substantial number of complaints from investors regarding the transfer of shares / alleged transfer. Were. The complainant failed to file any response to the notice issued by the Company Commission and non-payment of funds and, despite the service of the notice, was absent on the date of the hearing without notice to the Commission, in effect the Company complied with the provisions. Was defaulted to Brokers 'and agents' registration rules, 2001, and the Company's Commission Conduit's suggestion to ignore the submission of required correspondence and documents were a clear violation of R12 of the applicable rules, which required the broker's holding certificate. Was declared. In strict adherence to the Code of Conduct and maintaining the highest standards of i, the integrity, promptness and fairness of all its business company code of conduct have also protected the securities of its clients through illegal commitments / transfer companies. Was misused and the company was clearly ignored and failed to comply with the requirements of RR 4 and 12 of Brokers and Agents Registration Rules 2001, And from time to time the company's continued involvement in the securities business by the Commission was not in the interest of the investors; violating the rules and not following the Commission's directive was a serious matter that acted in the public interest. Of ban. In order to protect investors, to maintain the integrity of the capital market, brokers and agents have their
Related judgments — Securities and Exchange Commission of Pakistan, 2009
