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SECP orders inquiry into leakage of trading information

November 22, 2017 at 12:10 pm | News Desk

IMG296243SECP

ISLAMBAD, November 21: The Securities and Exchange Commission of Pakistan (SECP) has ordered an investigation into the leakage of trading information of Pakistan Stock Exchange (PSX). While taking a serious notice of various complaints received, the SECP constituted a team with a mandate to immediately start the investigation proceeding to identify and curb the sources of such unlawful practices and take necessary corrective and punitive actions.

In order to achieve this objective, the Commission will engage the services of professionals/experts as deemed necessary and ensure fair and early disposal of this investigation.

The SECP believes that sanctity of trading information holds paramount importance for growing confidence of investors in the capital market and any leakage/unauthorized access of trading data qualifies to be a criminal offence under the relevant laws. Such unlawful access and leakage puts the investors at inherent disadvantage and may also expose them to unwarranted risks.

The SECP remains committed to ensuring protection of interests of investors at all times and take stern action against any  illegal activity in the capital market of Pakistan.

News Desk

Economic Affairs Editor

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