Monday 3 March 2014

SECP penalizes non-compliant companies

Islamabad: To safeguard investor’s interest the Securities Market Division of the Securities and Exchange Commission of Pakistan (SECP) has penalized non-compliant members for not abiding by the rules in the month of February, says a SECP press release.

SECP inspectors took KSE inspection and imposed a penalty of 25000 rupees on Moonaco Securities Ltd under the brokerage act of 2001, and issued warning letters to Taurus Securities Ltd and AHM securities Ltd for violating rules.

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