Iron hand: SECP fines 24 defaulting firms in March
Fining part of SECP's enforcement and regulatory function.
Iron hand: SECP fines 24 defaulting firms in March
The Securities and Exchange Commission (SECP) of Pakistan fined 24 defaulting companies in March as part of its enforcement and regulatory function, according to a statement issued by the regulator on Tuesday.
In order to safeguard the interests of investors and stakeholders, the regulator also took action against 49 companies by issuing show-cause notices for non-compliance with various provisions of the 1984 Companies Ordinance.
Published in The Express Tribune, April 6th, 2011.
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