Islamabad, May 17, 2010: The Securities and Exchange Commission of Pakistan (Commission) has filed a criminal complaint in the competent Court of Law against Capital One Equities Limited, ex-member Karachi Stock Exchange (KSE) along with its directors, officers and persons involved in non-transfer of shares/funds and unauthorized pledges of client’s shares and other prohibitive activities under the Section 24(2) of Central Depositories Act, 1997 as well as offences under relevant provisions of Pakistan Penal Code. The Honorable Court vide Order dated May 13, 2010 has issued warrants of all the accused persons. The Commission received number of investors’ complaints/claims against KSE Brokers during the first half of 2009 mainly pertaining to the alleged non-transfer of shares and non-payment of funds. The Commission directed the Brokers to resolve complaints and to make necessary arrangements for transfer of shares into respective Central Depository Company (CDC) accounts of the comp...

Karachi Stock Exchange (KSE) has asked its members, investors and clients to submit claims arising out of transactions made against its three expelled members Eastern Capital Limited, ClikTrade Limited and Capital One Equities Limited. It may be noted that these three brokers were expelled by KSE for not resolving investors’ complaints after the Security and Exchange Commission of Pakistan (SECP) had suspended the registration for not resolving investors complaints. KSE said that claims alongwith supportive evidence could be directly submitted to CSIR Department of KSE. Claims against Capital One Equities can be despatched to Post Box No 5550 of Karachi City GPO with postal code of 74000 before September 25, 2009. Similarly, claims against Eastern Capital can be despatched to Post Box No 5551 of Karachi City GPO and claim against Cliktrade can be sent to Post Box No 5552 of Karachi City GPO with postal code of 74000 before September 25, 2009.