Stocks Observer. com

ISLAMABAD –August 5: In order to strengthen the integrity and soundness of the securities market for the benefit of the investors and other market participants, the Securities and Exchange Commission (SECP) is striving to maintain fair, transparent and efficient markets. The Securities Market Division of the SECP actively monitors the trading activities of the stock market to check the compliance of prevailing regulatory framework and to investigate potential violations of the securities laws. This is evident from numerous enforcement cases initiated and actions taken during the current year. Based on the severity of the offence, strict actions have been taken by the SECP as provided under the law. In the seven months of 2010, legal proceedings were initiated in seven different cases for violations of securities laws with special reference to insider trading, short/blank selling, wash trades, erroneous trades and broker misconduct; the orders were issued after conducting hearings and...