SECP Cancels Licenses of 4 Brokerage Companies

The Securities and Exchange Commission of Pakistan (SECP) has canceled the licenses of four securities brokerages on charges of regulatory breach, failure to renew broker licenses, and surrendering of TRE Certificate.

This was communicated by the Pakistan Stock Exchange (PSX) on Wednesday.

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Sr. No.	Name of TRE Certificate Holder	Reason(s) for Cancellation	Status of Trading Terminals
1	First Choice Securities Limited	Surrendered / Relinquished TRE Certificate.	Trading terminals were deactivated due to voluntary surrender/ relinquishment.
2	Surmawala Securities (Private) Limited	Applied for voluntary surrender of TRE Certificate. Did not apply for renewal of broker license.	Trading terminals were deactivated due to voluntary surrender/ relinquishment.
3	First National Equities Limited	Suspended due to regulatory breach. Did not apply for renewal of broker license.	Trading terminals were suspended by PSX.
4	Falki Capital (Private) Limited	Suspended due to regulatory breach. Applied for voluntary surrender of TRE Certificate. Did not apply for renewal of broker license.	Trading terminals were suspended by PSX.