CYAN LIMITED THROUGH CHIEF EXECUTIVE OFFICER versus
Section 15A&15E Insider Trading Person The Company's Chief Executive Officer is also a member of the Board of Directors of the corporation, the plaintiff having the authority to operate the trading account on behalf of the Company and based on his position. Both the company and the corporation owned material information related to the financial and operational status of the companies' open-ended decision to decide whether to sell the corporation's shares to recover its portfolio, but could not substitute for the sale of the shares. Prior to the announcement of the financial results, the company came under the praise of Syed Person / Insider, as he served as the company's chief executive and the non-executive director of corporate directors of any company, the first source of insider information. Was. , Individuals who hold internal and confidential information must exercise reasonable caution and caution, to ensure that confidentiality was neither compromised nor the information infringer confidential. Have to keep In the present case, it is evident that being on the board of directors of the corporation, it is said that the personal information directly related to the deterioration of the operating is private as well as undermining the financial position of the corporation. Keeping in view the financial position of the Company, the Company aggressively sold shares of the Securities and Exchange Ordinance, section 15 of 1969, for insider, insider information and insider trading. This case states that the person was an insider, the corporation's financial and operating position
Related judgments — Securities and Exchange Commission of Pakistan, 2013
