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If you continue to violate the pattern day trading rule, your firm may terminate your account. Bear in mind that your account only violates the day trading rule if you have less than $25,000 in ...
In the United States, a pattern day trader is a Financial Industry Regulatory Authority (FINRA) designation for a stock trader who executes four or more day trades in five business days in a margin account, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period. [1] A ...
The Securities and Exchange Commission of Pakistan (SECP) (Urdu: سیکیورٹیز اینڈ ایکسچینج کمیشن آف پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient corporate sector and a capital ...
Options, futures and "other derivatives" are "generally" not used in Islamic finance "because of the prohibition against maisir" (according to Thomson Reuters Practical Law). [21] Margin trading, day trading, options, and futures are considered prohibited by sharia by the "majority of Islamic scholars" (according to Faleel Jamaldeen). [22]
The founder of Pakistan, Muhammad Ali Jinnah had a vision regarding the law of Pakistan, to implement a system in accordance to Islamic teachings, but it was never fulfilled, although it was fulfilled at the later stage when Pakistan had its first constitution in 1956. This vision, however, did have a lasting effect on later Pakistani lawmakers.
The Constitution of Pakistan (Urdu: آئینِ پاکستان ; ISO: Āīn-ē-Pākistān), also known as the 1973 Constitution, is the supreme law of Pakistan. The document guides Pakistan's law, political culture, and system.
In 2007, the World Bank team submitted its report to the Pakistani government and with it, a draft law was prepared by them. The Competition Commission of Pakistan (CCP) was established on 2 October 2007 under the Competition Ordinance, 2007, which was repromulgated in November 2009. The law was later promulgated as Competition Act, 2010.
In light of the charges, the State Bank of Pakistan revoked the license for Khanani and Kalia International to operate its foreign exchange business and shut down its offices. On March 5, 2011, the directors of Khanani and Kailia International and four bankers were acquitted of all charges due to lack of evidence. The judge cited the ...