KARACHI: The Securities and Trade Fee of Pakistan (SECP) on Wednesday filed a legal grievance towards an worker of a number one financial institution on costs of insider buying and selling.
Based on an SECP press launch, Misbahuddin Rizvi labored because the Fairness capital markets head on the financial institution and was answerable for placement of orders for fairness funding.
Rizvi used to actively commerce in shares and used insider info to earn hundreds of thousands in collusion together with his kinfolk, SECP stated.
The authority has filed the case in a periods courtroom in Karachi.
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