ISLAMABAD: Senate Standing Committee on Finance and Revenue Chairman Senator Saleem Mandviwalla has criticised the recent move of Securities and Exchange Commission of Pakistan (SECP) against the stock brokers of Pakistan Stock Exchange (PSX). In a statement on Friday, Senator Saleem Mandviwalla said that the SECP is threatening use of NAB and harassing the legitimate stock brokers because of some so-called brokers, who were successful in dumping the unassuming clients.” Mandviwalla said the threats by NAB would scare the legitimate brokers and the amount of inquiries done by SECP is creating unnecessary uneasiness among brokers. Reputable brokerage houses have also shut their businesses because the amount of compliance is becoming costly. Even if something is found to be non-compliant time should be given to fix those non compliances. The current dilemma of the market where all brokers were told to clear debits and stop charging their clients mark up on over draft would have been extremely uneasy, he added.