The management of Karachi Stock Exchange (KSE) has decided to invite claims against M/s United Capital Securities (Private) Limited, an expelled member of KSE.
The KSE management has asked all the members and investors/clients of the said brokerage house to submit their claims arising out of the transactions made subject to the regulations of the Exchange, if any, against the aforementioned brokerage house with CSIR department of KSE along with all the documentary evidences and duly filled Investors Claims form which can be obtained/downloaded from KSE website.
"Those members and investors/clients who have already lodged their complaints/claims against the said brokerage house should not send their complaints again as these are already being processed by the Exchange", a KSE notice issued here on Tuesday said. However, in case members and investors/clients need to submit additional evidences in support of their already lodged claims, they may submit relevant documents and the Exchange within specified time by specifically mentioning their assigned claim number against their claim as a reference, it added.
The KSE will scrutinize all the invited claims received with available records of member to ascertain its legitimacy. In order to verify each claim and to ascertain its genuineness the Exchange may seek advice or employ the services of an independent expert. Be informed that the Exchange reserves the right to take appropriate legal action against those who lodge false or fictitious claims, the notice said. The last date for submission of claims/complaints against M/s United Capital Securities (Private) Limited is Friday, April 06, 2012 after that no claim shall be entertained by the Exchange, the notice said.
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