As part of its enforcement and regulatory function, the Securities Market Division of the Securities and Exchange Commission of Pakistan (SECP) took enforcement actions against two brokerage firms. Fair-trade Capital Securities (Pvt) Limited, member, Karachi Stock Exchange has been fined Rs 50,000 for non-compliance with the prescribed procedure for execution of inter-exchange trades.
Salman Majeed Securities (Pvt) Limited, member, Lahore Stock Exchange, has been fined Rs 25,000 for non-provision of information to the SECP. The orders are available on the SECP website. In addition, 4 rules were amended for the facilitation of various stakeholders in the month of November. The Securities Market Division also resolved 7 complaints lodged by investors.-PR