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SECP protecting brokerage houses

  1. fareedsidra
    The Securities and Exchange Policy Board on Wednesday informed the Supreme Court of Pakistan that the Securities and Exchange Commission of Pakistan (SECP) had been supporting certain brokerage houses like the AKD Securities which were involved in market manipulation.
    Incidentally the main accused in both the cases was the AKD Securities. It has been said that SECP has its own litigation, legislation and General Counsel Department comprising of more than 20 officers, but quite frequently the legal opinion is sought from external counsels, who are paid substantial amount too.
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