Section 22 Brokers and Agents Registration Rules, 2001, 8, 12 and Third Schedule Wash Trades Examination of Karachi Stock Exchange's Karachi Automated Trading System Trading Data, reveals that the company bought and sold shares in a manner Order of And matched sales together; and as a result the ownership of the shares has not changed. It said that the transaction came into the meaning and scope of the term wash trades, which created a false and misleading impression in the market and was a violation of the regulatory framework such as wash trade unfair trade practices. Harmful to Market Growth and Harmful to Market Integrity Performing such business has shown that the company has failed to maintain a high standard of integrity and maintains proper care, expertise in relation to its business. And had failed to exercise diligence. Violations of the Broker Rules Code of Conduct, 2001 violation of rules and regulations were a serious issue that could result in the suspension or cancellation of a company registration by the Securities and Exchange Commission company, which cautiously adopted Was assured. In the future, while looking to ease the case, the company fined Rs 100,000 was strongly advised by the commission to take immediate action and to restrict such orders. Examine the order management system properly, resulting in the execution of a wash trades company to ensure that all compliance is fully complied with. Avoid serious death sentences under the law in the future
Related judgments — Securities and Exchange Commission of Pakistan, 2013
