FIRST NATIONAL EQUITIES LIMITED, BROKER KARACHI STOCK EXCHANGE LIMITED versus
Section 22 Brokers and Agents Registration Rules 2001, Brokerage Company's script violates the Stock Exchange Code of Conduct Trading data for affiliates related to the formation of artificial volumes and the implementation of the scheme with other companies. The period showed that out of the total business volume in the company's script, approximately 82% of its peers traded and this resulted in an increase in the share price which allowed the company to generate artificial volume in its script and The scheme was found to be cost-effective. Its participants, with the view of distorting the market for personal gain, as provided in the Code of Conduct set forth in the Third Schedule to the Brokers and Agents Regulation 2001, it was the Company's responsibility to misrepresent Do not create a market, either alone or in concert with others, or engage in an activity that is detrimental to the investor interest company, under clause A (1) (2) (4) of the circumstances. And (5) violated the Code of Conduct, which in turn was a violation of R12 of the Brokers and Agents Registration Rules 2001, with R8 saying that his company had written about the commission He had a very relaxed attitude and did not feel that way even after several extensions on his request. The date of the final hearing needs to be made aware of its absence / absence and each market participant had to ensure that the market was safe, effective and transparent to protect investors and manage market risk. To reduce its risk, if any market partner did not act accordingly, then it was responsible for violating the rules and regulations.
Related judgments — Securities and Exchange Commission of Pakistan, 2013
