KSE suspends operations of ACE

 
Karachi: The Karachi Stock Exchange has suspended the operations of ACE Securities Limited (ACE) from April 27, 2015 after non-receipt of response to KSE’s notice to ACE asking for explanation pertaining to investor complains received by KSE for the first time on April 20, 2015.

 

It may be noted that the since the first complaint, KSE followed the regulatory procedure set forth in the Exchange’s Regulations of asking the relevant broker to respond to KSE’s questions regarding complains received against the broker.

 

In view of increasing number of complaints, KSE sent letters to ACE Securities on April 20, 2015 and asked them to send their representatives to the Exchange for hearing.

 

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