{"id":400890,"date":"2024-04-18T08:57:14","date_gmt":"2024-04-18T03:57:14","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=400890"},"modified":"2024-04-18T08:57:14","modified_gmt":"2024-04-18T03:57:14","slug":"secp-files-criminal-complaint-against-two-individuals-on-charges-of-front-running","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-files-criminal-complaint-against-two-individuals-on-charges-of-front-running\/","title":{"rendered":"SECP files criminal complaint against two individuals on charges of front-running"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nBased on an investigation conducted under the Securities Act, 2015, the SECP has filed a criminal complaint against two individuals who were found involved in front-running equity trading by a large institutional investor during the period from October 1, 2021, to December 31, 2021. The criminal complaint number 15 of 2024, dated April 8, 2024, has been filed at the Special Court (Offenses in Banks), Karachi.<br \/>\nThe analysis of order-level data by SECP investigation team revealed that a day trader, with the active connivance of an investment officer of the institutional investor, purchased shares before the placement of buy orders by the institutional investor and subsequently sold those shares to the institutional investor. The practice continued for a few months.<br \/>\nA substantial portion of the trades executed by the day trader during this period matched with trades executed by institutional investor as a counterparty.  This resulted in losses to the institutional investor and gains to the day trader. There is strong evidence that the investment officer of the institutional investor was actively colluding with the day trader.<br \/>\nSECP is committed to ensure fairness and transparency in the capital market to enhance investors\u2019 confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Based on an investigation conducted under the Securities Act, 2015, the SECP has filed a criminal complaint against two individuals who were found involved in front-running equity trading by a large institutional investor during the period from October 1, 2021, to December 31, 2021. The criminal complaint number 15 of 2024, dated April 8, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-400890","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP files criminal complaint against two individuals on charges of front-running<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/secp-files-criminal-complaint-against-two-individuals-on-charges-of-front-running\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP files criminal complaint against two individuals on charges of front-running\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD Based on an investigation conducted under the Securities Act, 2015, the SECP has filed a criminal complaint against two individuals who were found involved in front-running equity trading by a large institutional investor during the period from October 1, 2021, to December 31, 2021. The criminal complaint number 15 of 2024, dated April 8, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/secp-files-criminal-complaint-against-two-individuals-on-charges-of-front-running\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-18T03:57:14+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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