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FIRST PAKISTAN SECURITIES LIMITED versus STATE

Selling vacancies in violation of Regulation 4 Brokers and Agents Regulation 2001, Rule 8, imposing Regulation 4 of the Central Depository Company of Pakistan Regulations 2002, vacant sale is prohibited, while the inquiry officer was in search. During the review period, 750 incidents of empty sales were disclosed to the brokerage house to ensure compliance with all applicable regulations and appropriate internal control to sell to a customer without pre-existing interest. Should be prevented from selling the company's vacancy. Created due to negligence of employees or because a customer raised the position to provide securities at the time of sale and subsequently increased his position, the brokerage house was not established on 750 occasions for violation of the Regulation. Used to sell empty. Rule 8, 2001 of the registration of brokers and agents of the Central Depository Company of Pakistan Regulations 8, 2001, where the Securities and Exchange Commission was of the opinion that a Broker Securities and Exchange Commission of Pakistan Act, 1997 or Securities and Exchange, Exchange Had failed or failed to comply with any of the 1969 terms and conditions. Follow any of the terms of the Code of Conduct set forth in Schedule III of the Brokers and Agents Registration Rule 2001; it may act in the public interest under Rule 8 (a) or (b) of the Brokers and Agents Registration Rules 2001. Is. The company, which sold the vacancy and violated the rules, was fined Rs 75,000. family advocate from Khushal Kot lawyer