name='verify-v1'/>"> MediaTrial: Stock market crash unlikely: SECP -

Monday, May 26, 2014

Stock market crash unlikely: SECP -

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The SECP has
proposed setting up of Securities Investor Protection Corporation (SIPC)
in order to address investors’ complaints in case of default of a
brokerage house.

The new position taken by the SECP rows another conflict of interest as SECP was established for the same but giving new name to new establishment. By doing so, the scope of SECP seems to be critical and corruption starts with new energy and book building. Many of sitting officials will try to conduct their kins in SIPC, new budget would be allocated for onward corruption.
It would be more comfortable to isolate Company Registration Offices with SECP, as in most developed countries like UK, USA, company houses functin seperately.

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