Section 22 Brokers and Agents Registration Rules, 2001, R 8 &, Shares of two other companies of the Company executed on Wash Trade were bought and sold in such a way that their buy and sell orders are matched together. And that is not the result of any change in its beneficial ownership The company said that the orders were implemented due to a misunderstanding between the cats operator and its client and that the transaction was A warning letter was issued to the ATS operator. The Company conducted the Wash Trading on behalf of its Client without any due diligence and breach of the Code of Conduct established under the Third Schedule to the Registration of Brokers and Agents, 2001, and as a result, the Brokers There was a real breach of the Rules, the Company was responsible for each and was responsible for maintaining proper systems and controls for every Company implemented in this Terminal. No applicable rules and regulations were violated and the Commission Instructions issued by the Limestone Company from time to time were established to carry out the wash trade in their client's account. Violators violated Articles A2 and A5 by conducting trade in queries. A violation of Broker Rules, 2001, which was in violation of Broker Rules, 2001, contained in the third schedule of the Broker Rules, was a serious matter that would enable the Commission to suspend registration of the Company. However, on the soft side, on section 22 of the Securities and Exchange Ordinance, 1969, Company Tinder was fined Rs 50,000.
Related judgments — Securities and Exchange Commission of Pakistan, 2009
