Find a Lawyer

ISMAIL ABDUL SHAKOOR SECURITIES (PVT.) LIMITED versus

Regln 4 Brokers and Agents Registration Rules, 2001, R8 and Third Schedule Selling blank in violation of Code of Conduct and Rules. The company reported 234 empty sales cases during the submission. First it goes to say that the examples of empty sales are either a result of the clients' mistake. Or, secondly, represent the same trade through a group of individuals who have a mutual understanding to carry out the trade and fulfill the distribution of the shares as far as the issue of vacant sale is due to error, this brokerage house Has the responsibility to ensure compliance with all. Applicable Rules and Proper Internal Control As long as mutual understanding of delivery requirements is concerned, the Regulatory Framework envisages opening a joint account and meeting the short-term conditions of the option. The source provided an appropriate mechanism for such trade. Central Depository Company of Pakistan Regulations, 2002 Company was set up which was vacant sale in violation of Central Depository Company of Pakistan Regulations, in 2002 the company was violated under Brokers' R8 (b) 50,000. The fine was Rs. And Agent Registration Rules, 2001 best advocate from Khangah Sharif lawyer