FAIRTRADE CAPITAL SECURITIES (PVT.) LIMITED THROUGH CHIEF EXECUTIVE OFFICER versus
Section 22 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Brokers and Agents Registration Rules, 2001, Third Schedule, Code of Conduct Failure to Deposit D (2) Penalties, Securities and Exchange Commission A fine of Rs 50,000 on the company, not 30 days after the date of the order, with the instruction to deposit the fine in the commission account. And instead of complying with the commission order, the copy of the deposit challan to the commission company, an appeal was filed before the appellate bench under section 33 of the Securities and Exchange Commission of Pakistan Act 1997, stating that the appeal was dismissed and the order issued. The Commission maintained that the Company had failed to provide the required information after repeated reminders; in the circumstances, Article D (2) of the Code of Conduct, established under Schedule III of the Regulation for Brokers and Agents, 2001 Was violated, clear violation of the Commission's directive was astonishing, and the person holding the registration certificate Regarding the rocker, the broker had to abide by the Code of Conduct set forth at all times, and every market participant was obliged to comply with the general and specific. The Commission's directive on breach of rules and regulations was a serious matter, which the Commission mildly considered in the future to strictly adhere to this directive, which in the future failed to take appropriate action. Will go The Company was further instructed that in the future, all the Commission's rules, regulations and directors would be fully complied with to avoid any death sentence under it. Law
Related judgments — Securities and Exchange Commission of Pakistan, 2014
