HIGHLINK CAPITAL (PVT.) LIMITED, BROKER LAHORE STOCK EXCHANGE versus
After examining Section 22 Brokers and Agents Registration Regulations, 2001, Rr 8, 12 and Third Schedule wash trading data, it was noted that the brokerage company bought and sold shares in such a way Match purchase orders with ; And as a result the ownership of the shares has not changed. "The transaction comes in the sense of wash trades, which are detrimental to market growth and damage to market integrity. The company failed to maintain high standards of integrity. Failure to exercise proper care, skill and diligence in conducting his business thus violated the Code of Conduct and was a serious matter which could result in the suspension of company registration as a broker. Is. The commission is taking a decent look at the company for a fine of Rs 100,000, with the suggestion to take immediate action on the company and to conduct appropriate investigations to eliminate such incidents in the future. And to ensure that all rules, regulations and guidelines are fully complied with in the future
Related judgments — Securities and Exchange Commission of Pakistan, 2014
