Investor Alerts

The Securities and Exchange Commission of Pakistan (“SECP”), would like to alert all recipients that:

Company:     M.R. Securities (SMC Pvt) Limited

Address:        Room # 204 LSE Building, Lahore-54000

Telephone:    0092 42 3631 2222

Fax:                 0092 42 3636 8303

Website:         www.mrsecurities.com.pk

Email:              info@mesecurities.com.pk, informrsecurities@gmail.com,

CEO:               Mr. Mazhar Rafiq s/o Mian Rafiq (British & Pakistani National)

Director:        Mr. Mazhar Rafiq s/o Mian Rafiq (British & Pakistan National)

Cell No:          0092 300 8451 135 (WhatsApp)      0092 321 8451 135 (WhatsApp)

The CEO and the Director of M. R. Securities (SMC-Pvt) Limited – a single member company, is wanted in Pakistan for his alleged involvements in criminal activities as a securities broker. He fled Pakistan using his British passport to evade the legal proceedings pending against him. Further, his Trading Terminals have been suspended and brokerage license has been cancelled through forfeiting his Trading Rights Entitlement Certificate to act as a securities broker by the Pakistan Stock Exchange.

The SECP believes that Mr. Mazhar Rafiq or his above mentioned company may be targeting customers / investors from other IOSCO member countries. If you have any further questions on this matter please contact  enquiries@secp.gov.pk

The Securities and Exchange Commission of Pakistan (“SECP”), would like to alert all recipients that:

Company:        Ace Securities (Private) Limited

Address:          1. Room # 515, Stock Exchange Building, Stock Exchange Road, Karachi, Pakistan

2. Palm Beach Homes, 1-3, Ground & Mezzanine Floor Marine Drive, Clifton, Block-II,

Karachi, Pakistan

Telephone:      0092 021 5363439-50

Fax:                 –

Website:          –

Email:               –

CEO/Director:              Mr. Haroon Iqbal s/o Ismail Iqbal (Pakistani National)

Address:          15 Singer Court, Toronto ON M2K0B4, Canada

Cell No:            001-647-444-3379

Email:              haroon197011@gmail.com

The CEO/ Director of Ace Securities (Private) Limited (“ASL”), is wanted in Pakistan for his alleged involvements in criminal activities as a securities broker. He defrauded hundreds of clients and looted millions of rupees. He fled Pakistan to evade the legal proceedings pending against him. Further, the Trading Terminals of ASL have been suspended and brokerage license has been cancelled through forfeiting their Trading Rights Entitlement Certificate barring them to act as a securities broker by the Pakistan Stock Exchange. The National Accountability Bureau (“NAB”) has filed a reference against Mr. Haroon Iqbal and Mr. Ismail Iqbal, (director of ASL) in the Accountability Court. The SECP and NAB are trying to bring Mr. Haroon Iqbal back for recovery of plundered money of investors.

The SECP believes that Mr. Haroon Iqbal or his above mentioned company may be targeting customers / investors from other IOSCO member countries. If you have any further questions on this matter please contact  enquiries@secp.gov.pk

The Securities and Exchange Commission of Pakistan (“SECP”), would like to alert all recipients that:

Company:     Eastern Capital Limited

Address:        610-611, Clifton Centre, Block-5, Clifton, Karachi-75600, Pakistan

Telephone:    0092 21 5863801-8

Fax:              0092 21 5872206

Website:       www.ecltrade.com.pk

Email:           info@easterncapital.com.pk,

CEO:              Mr. Munir Muhammad s/o Muhammad Ladha (Pakistani National)

Director:        Mr. Abdul Samad s/o Muhammad (Pakistani National)

Passport Number:   (KE088141) of Mr. Munir Muhammad and (AA5277031) of Mr. Abdul Samad

Cell No:          –

The CEO and the Director of Eastern Capital Limited (“ECL”), are wanted in Pakistan for their alleged involvements in criminal activities as a securities broker. They fled Pakistan using their passport to evade the legal proceedings pending against them. Further, their Trading Terminals have been suspended and brokerage license has been cancelled through forfeiting their Membership Certificate to act as a securities broker by the Pakistan Stock Exchange. The National Accountability Bureau (“NAB”) has filed a reference against Mr. Munir Muhammad and Mr. Abdul Samad, in the Accountability Court. The SECP and NAB are trying to bring them back for recovery of plundered money of investors.

The SECP believes that Mr. Munir Muhammad, or Mr. Abdul Samad or  their  above mentioned company may be targeting customers / investors from other IOSCO member countries. If you have any further questions on this matter please contact  enquiries@secp.gov.pk