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MAXIMUS SECURITIES (PVT.) LIMITED versus

Failure to pass the order certified under R4 (4) of the Securities and Exchange Rules, 1971, applicable to R Brokers and Agents Registration Regulations, 2001, a member who issued a consumer order Does,, will be inside the base. Four hours after complying with the order, the customer will receive a confirmation certificate, which includes some information from the inquiry officer, which revealed that the client had not been sent the certification on a regular basis. The company took the stand that most of its clients are based outside Pakistan. To whom he sent an email within 24 hours of the execution of his trade, while some customers collected self-trading certificates, the Velidity Company was not fully complying with R4 (4) requirements of the Securities and Exchange Rules 1971. However, in view of the facts of the case, instead of taking disciplinary action against the company, a gentle attitude was taken and due diligence was considered sufficient, the company was instructed to ensure that all laws, regulations and guidelines were fulfilled. Will be complied with. In the future, the Commission will refrain from any punitive action under the law property advocate from Naukundi lawyer