Investigation into insider trading and market manipulation cases by SECP

ring in predicate offenses under Anti-Money Laundering Act, 2010 (the “AML Act, 2010″) and Insider Trading/Market Manipulation is one of such predicate offenses,” according to a SECP press release. This clarifies the role of both organizations in addressing financial crimes in the country’s capital markets.

The Securities and Exchange Commission of Pakistan (SECP) is gearing up to host the InsureImpact Conference Pakistan (ICP) 2025 in Karachi on 12th February, 2025. The conference’s overarching theme, “Journey to an Insured Pakistan – fostering collaboration, engagement & innovation,” aims to facilitate in-depth discussions about the insurance industry’s future in the country. The event will cover various topics such as an overview of the insurance ecosystem, stakeholder engagement, disaster and agricultural insurance in the context of climate change, expanding mandatory insurance, leveraging health insurance opportunities, and driving towards a digitally transformed insurance landscape.

The SECP’s efforts to investigate cases of insider trading and market manipulation are essential in maintaining the integrity of the capital markets. By filing criminal complaints in accordance with the Securities Act, 2015, the Commission is taking a proactive approach to address financial misconduct. The Federal Investigation Agency (FIA) plays a crucial role in investigating money laundering in predicate offenses under the Anti-Money Laundering Act, 2010, with insider trading and market manipulation being key focus areas. These coordinated efforts aim to uphold transparency and accountability in Pakistan’s financial sector.

The upcoming InsureImpact Conference Pakistan (ICP) 2025 is an important initiative by the SECP to promote collaboration and innovation within the insurance industry. Through strategic discussions at the conference, industry stakeholders will explore ways to enhance the insurance ecosystem, address challenges in disaster and agricultural insurance, and leverage digitalization to create a more efficient insurance infrastructure. By fostering collaboration and engaging with key players in the insurance sector, the SECP aims to propel Pakistan towards a future where insurance is more inclusive and digitally advanced.

In conclusion, the SECP’s investigations into insider trading and market manipulation, along with its efforts to host the InsureImpact Conference Pakistan (ICP) 2025, reflect the Commission’s commitment to strengthening the financial sector. By addressing financial crimes and facilitating discussions on the future of insurance in Pakistan, the SECP is paving the way for a more transparent, efficient, and innovative financial industry in the country.