Non-compliance: SECP issues 11 warning letters
Securities Market Division of SECP issues warnings for execution of blank sales and wash trades.
Express
February 09, 2011
Less than a minute read
As a part of surveillance and monitoring activities, the Securities Market Division (SMD) of the Securities and Exchange Commission of Pakistan has issued two warning letters to non-compliant members of the stock exchange, for execution of blank sales and wash trades.
Owing to regulatory non-compliance, nine warning letters were issued to the beneficial owners of three listed companies for late filing of returns of beneficial ownership.
Published in The Express Tribune, February 10th, 2011.
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