SECP orders probe into PSX’s data leakage

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday ordered an investigation into the leakage of trading information of
Pakistan Stock Exchange (PSX).
“While taking a serious notice of various complaints received, the Securities and Exchange Commission of Pakistan constituted a team with a mandate to immediately start the investigation proceeding to identify and curb the sources of such unlawful practices
and take necessary corrective and punitive actions,” the commission said in a statement.
“In order to achieve this objective, the commission will engage the services of professionals/experts as deemed necessary and ensure fair and early disposal of this investigation.”
The Securities and Exchange Commission of Pakistan said sanctity of trading information holds paramount importance for growing confidence of investors in the capital market and “any leakage/unauthorised access of trading data qualifies to be a criminal offence under the relevant laws.”
“Such unlawful access and leakage puts the investors at inherent disadvantage and may also expose them to unwarranted risks,” it added. “The Securities and Exchange Commission of Pakistan remains committed to ensuring protection of interests of investors at all times and take stern action against any illegal activity in the capital market of Pakistan.”