Apex regulator will continue to take corrective measures: SECP

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has categorically stated that the regulator will continue to take corrective measures to eliminate market manipulation.

In a statement by the spokesman of the apex regulator it was stated that SECP will not budge to attempts to malign it.

It said that recently, the SECP has initiated various actions on account of security market frauds and market manipulation, as well as finalisation of long-standing proposed prosecutions against brokers and some large business groups.

The statement maintained that there have been consistent attempts to pressurise the senior management of the SECP into not taking action. However, ECP will continue to take corrective measures, it said.