LIVE SECURITIES LIMITED, TREC HOLDER OF KARACHI STOCK EXCHANGE LIMITED versus
Section 6 and 22 Stock Exchange Members (Inspection of Boxes and Records) Rules, 2001, R5 Brokers and Agents Registration Rules, 2001, Failure to cooperate with R8 Brokerage Company Informers, Information / Documents etc not provided used to. Failure to cooperate with inspectors in commission-initiated inspections, and violate Securities and Exchange Ordinance, 1969 and R8 (x) Section 6 (3) of the Brokers and Agents Registration Rules, 2001 Violated the provisions of. The rules and regulations were a serious matter that empowered the Commission to suspend the company's membership / trade rights, but in the case of exercise of powers under section 22 of the Securities and Exchange Ordinance, 1969, the Commission Will take care of it gently. Fined the company one lakh rupees, with further direction to cooperate fully with the inspectors, and to provide all required information and necessary records. The purpose of the inspection company was further directed to be fully compliant with all the rules, regulations and guidelines of the Commission in the future.
Related judgments — Securities and Exchange Commission of Pakistan, 2013
