SECP and PSX start inquiry into MR Securities’ fraud with investors

ISLAMABAD, February 9: The SECP has taken a serious note of fraud by MR Securities, a Lahore-based stockbroker. In order to forestall such fraudulent practices, the SECP Chairman, Zafar Hijazi, convened a meeting of PSX Board of Directors. He said that the SECP would not tolerate such activities as it was its prime responsibility to protect investor interests. He asked the PSX Board of Directors to thoroughly investigate if some of its officials were negligent in discharging their regulatory responsibilities.