Report
SECP inquiry found clients’ shares were transferred and pledged without consent
Dawn reports the inquiry began in March 2010 after complaints of unauthorised dealings in clients’ securities.
TLDR
Dawn reports that the SECP began its inquiry in March 2010 after complaints of unauthorised dealings in clients’ securities. Completed in October 2013, the inquiry found that clients’ shares had been transferred and pledged without consent to obtain financing and meet exposure margins.
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