In reviewing Moderba and Bank's trade data during the Section 15E insider trading review, it has been noted that the defendants' own trading, modarba and bank trade in certain scripts through their various trading auctions. Is associated. It was noted that in most instances, HipStack made the purchase before the purchase by Moderba and Bank. And as a result, all or a large part of it was sold to Moderba and the bank, and at the same price in the rest of the market, around that time Moderba and the bank began buying shares, which resulted in considerable profit. As of July 1, 2008, through January 31, 2011, it carried out bulk trading activities in 147 scrips, of which 147 scripts traded through them during that period, resulting in only 22 scripts, which resulted in showcase notices. Is compatible with Moderb or the bank. The record proves that during the review period, he was an active investor / trader in the market. During the period of the review, the data relating to its trade were in accordance with the data available to the Commission, neither in written reply nor during the hearing, whether it was themselves or its representative transacting any of the transactions mentioned in the showcase notice. Had refused to be hanged. Moderba and Bank, which were minor, unusual and completely accidental, and unintentional, were not true, no documentary evidence was provided, which could prove that payment was not in relation to the business mentioned in the showcase notice. Was done Partnership agreement partnership offer and payment through the banking channel, could not prove that the payment was made, to any other business
Related judgments — Securities and Exchange Commission of Pakistan, 2013
