SECP files case against former bank employee: HumSub.TV
SECP files case against former bank employee: HumSub.TV: The apex regulator, the Securities and Exchange Commission of Pakistan (SECP), filed a criminal complaint against a former employee of The Bank of Punjab on Friday.
Syed Misbahuddin Rizvi was named for his alleged involvement in insider trading. He served as head of equity and capital market at the bank. His duties included to place orders of equity and disinvestment of shares on behalf of the bank.
Rizvi served the bank for around seven and a half years from June 2009 to November 2016.
“The SECP found that he had inside information regarding the bank’s decisions to invest/disinvest as defined in Section 130 (g) and Section 129 (d) of the Securities Act, 2015 respectively. The accused was found involved in insider trading in collusion and connivance with his relatives, Uddin Rizvi, Syed Khalid Grami and Syed Wajid Grami,” the regulator said in a statement.
The SECP’s investigation revealed that the bank’s employee took advantage of inside information and was involved in active trading in shares, which was also prohibited under the Employees’ Prudential Regulations of the bank. “He made a profit of millions of rupees through this illicit trading,” it said.
SECP files case against former bank employee: HumSub.TV
About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
For More News:
Visit HumSub TV