DJM SECURITIES (PVT.) LIMITED, BROKER KARACHI STOCK EXCHANGE LIMITED versus
Section 22 Brokers and Agents Registration Rules 2001, Business Conduct 8, 12, and Third Schedule In violation of the Code of Conduct, it is found on record that the brokerage company developed a false market and maintained a fair attitude in conducting its trading company. Was unable to keep In order to track and prevent any transaction in violation of any applicable rules and regulations, the Company is responsible for overseeing all trading activities conducted by its trading terminals on the stock exchange. I was involved in saying that the trade had shown that the company had failed to maintain high standards of integrity, promptness and fairness in conducting its business. The company failed to exercise proper care, skill and diligence in conducting its business and failed to comply with the laws and regulations it issued. The commissioning company, in violation of clauses A (2), A (4) and A (5) of the Code of Conduct, was set out in the third schedule of the Registration Regulation of ct brokers and agents, 2001, which in turn 12 of the above rules were in violation of unfair trade practices, which are detrimental to market growth and development and have damaged market integrity. The company had interfered with the fair and smooth operation of the market and it had also damaged the interests of other investors who were trading in violation of the rules and regulations, which was a serious matter, under which the commission had to pay It was also entitled to suspend registration, but the Commission chose not to use that power.
Related judgments — Securities and Exchange Commission of Pakistan, 2014
