SECP withdraws broker license cancellation of First National Equities

By MG News | January 03, 2025 at 12:45 PM GMT+05:00

0:00

January 03, 2025 (MLN): In a significant development, the Securities and Exchange Commission of Pakistan (SECP) has withdrawn its earlier decision to cancel the broker licenses of four TRE Certificate Holders, including First National Equities Limited (PSX: FNEL).

Early, on January 1, 2025, the SECP had cancelled the securities broker licenses of First National Equities Limited, First Choice Securities Limited, Surmawala Securities (Private) Limited, and Falki Capital (Private) Limited.

The cancellation decision was based on regulatory breaches and the firm's failure to apply for the renewal of their broker licenses.

For some firms, the inability to voluntarily surrender their TRE Certificates further contributed to the regulatory action.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	133,226.03 102.55M	-0.11% -144.12
ALLSHR	82,999.08 376.68M	-0.10% -82.07
KSE30	40,624.02 33.84M	-0.20% -81.28
KMI30	192,181.21 43.08M	-0.21% -399.47
KMIALLSHR	55,790.00 214.22M	-0.08% -45.72
BKTi	36,253.86 5.54M	-0.17% -63.31
OGTi	28,449.84 2.99M	-0.33% -93.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,580.00	108,880.00 107,680.00	125.00 0.12%
BRENT CRUDE	69.44	69.50 69.03	-0.14 -0.20%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.90 3.07%
ROTTERDAM COAL MONTHLY	106.00	106.75 106.00	0.25 0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.77	67.97 67.40	-0.16 -0.24%
SUGAR #11 WORLD	16.25	16.46 16.07	-0.13 -0.79%