SECP files criminal case against an insider

ISLAMABAD, March 29: The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against an employee of a leading bank for his alleged involvement in insider trading.

The main accused, Syed Misbah Uddin Rizvi, was serving as head, equity and capital market, in the said bank and was responsible for the placement of orders for equity investment/ disinvestment of shares on behalf of the bank.