FALKI CAPITAL (PVT.) LIMITED, BROKER ISLAMABAD STOCK EXCHANGE LIMITED versus
Section 22 Brokers and Agents Registration Rules 2001, in linking its position in the stock exchange trading data for the relevant period in the sale of the brokerage company's client and subsequently integrating its position in various scripts. Third Schedule Engagement The company was engaged in selling and then exploring its status through trade in various scripts as the interchange client stated that the client had issued sales orders without any pre-existing interest. Keep track of all business activity done by customers. And the transaction failed to use the proper care, skills and diligence in conducting its business to prevent any transaction in violation of any applicable rules and regulations and the rules and regulations issued by the Commission. Had failed to comply with the provisions of the Code. The Company, from time to time, violated Articles A (2) and (5) of the Code of Conduct set forth under the Third Schedule. E-Brokers and Agents Registration Rules 2001, and which in turn was a violation of R12 of Brokers Rules 2001, was a serious case of violation of R8 Rules and Regulations under which the Commission was called to membership. The suspension was made entitled. The company, but the commission decided not to use its power and fined the company Rs 25,000 for exercising its powers under section 22 of the Securities and Exchange Ordinance, 1969.
Related judgments — Securities and Exchange Commission of Pakistan, 2013
