EQUITY MASTER (PVT.) LIMITED, MEMBER LAHORE STOCK EXCHANGE LIMITED versus
Section 22 engaged in the short sale and trading of brokers and client clients of the Company Brokers and Agents Registration Rules, 2000, RR 8 and 12, Third Schedule, Clauses A (2) and A (5). By trading as an interchange client of stock exchange brokers, its position in various letters was set up to present the company's first interest-free sale orders so that the company monitored all trading activities conducted by its clients. Will do. The Company has failed to exercise reasonable care, skill and diligence in conducting its business to track and prevent any transaction that violates any applicable rules and regulations. And also failed to comply with the rules and regulations issued by the Commission from time to time, in which case, it violated Rules A (2) and A (5) of the Code of Conduct established under the Third Schedule. Brokers and Agents Registration Rules 2000, which in turn violated the Company's Client Rules trading activities 12 and 8, interfered with the fair and smooth market execution and also damaged the interests of other investors. Were doing business. Violation of the rules and regulations in the stock market was a serious matter under which the Commission claimed to be entitled to suspend the membership of the company, but in exercising its powers under section 22 of the Securities and Exchange Ordinance, 1969, the Company granted the powers Didn't choose to use. The company is fined only fifty thousand rupees with the ability to take immediate action and the proper system and investigation, to eliminate the occurrence of such incidents.
Related judgments — Securities and Exchange Commission of Pakistan, 2013
