INTERMARKET SECURITIES LIMITED, BROKER KARACHI STOCK EXCHANGE LIMITED versus
Section 18 and 22 Brokers and Agents Registration Rules, 2001, R 8 Broker Registration Fake Experience Certificate Applicant, applied for registration as a broker and provided an experience certificate issued by a company Prima Flexi, The certificate provided by the company to the applicant was incorrect The Securities and Exchange Commission examined the facts, evidence and documents on record, the written and oral submissions from the company-issued certificates, which were examined by Securities & Exchange. False and misleading violation of Section 18 of the Exchange Ordinance, 1969 Was given. The serious matter, which called for a penalty under Section 22 of the filing of the Ordinance for the submission of documents, also attracted the provisions of the Brokers Rules regarding suspension, noting that for the first time It was violated, and apparently not deliberately, the Commission chose to adopt a soft attitude on the matter, and decided not to impose penalties as the company's rigor was ictly wrong / misleading in the future. What information / statements and / or certificates are warned to be avoided
Related judgments — Securities and Exchange Commission of Pakistan, 2014
