SECP, US Department of Justice hold workshop on securities’ fraud

ISLAMABAD: In collaboration with the US Department of Justice, the Securities and Exchange Commission of Pakistan organised a workshop on securities and commodities fraud at the SECP head office on Thursday.

The presenter, Brian R. Harvey, is a federal career prosecutor with the US Department of Justice with a career spanning over 20 years. He has investigated many white collar and complex financial crimes including securities and commodities fraud.

The session extensively covered various types of fraud such as insider trading, Ponzi schemes, and market manipulation along with case studies on the major frauds in the history of financial markets.

The audience comprised of prosecutors and investigators working with the SECP. There was a detailed exchange of views on the developments in the Pakistani market and on combating frauds.

SECP Chairman Farrukh Sabzwari said that the SECP attaches great importance to the capacity building of its officers so as to combat financial crimes in Pakistan and to ensure transparency in the capital market. He lauded the cooperation extended by the US Department of Justice in providing assistance for this training and hoped that mutual cooperation in this regard will continue in future.

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