The Lahore Stock Exchange (LSE) has revoked the membership of Y.S. Securities & Services (Pvt) Ltd, on account of violation of the General Rules & Regulations of the stock exchange, in order to protect the interest of investors.
LSE received complaints from investors claiming that Y.S. Securities & Services, has shut down all their branch offices without settling their accounts. The member was issued a show cause notice and was provided two opportunities of being heard, however, the nominee director of the company failed to appear before the board.
Published in The Express Tribune, April 24th, 2012.
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