sebi:AO/JS/VRP/23-28/2017

SEBI · SEBI · 2016-09-22 · Jeevan Sonparote, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Disposed off - allegations not established, no penalty imposed

Provisions invoked

s. 15
s. 19
s. 15H
s. 15I
s. 15J
s. 151

Regulations relied on

SEBI (PFUTP) Regulations, 2003

Parties

M/s. Rikhav Investments
JMP Securities Pvt. Limited
Marwadi Shares and Finance Limited
Genuine Stock Brokers Pvt. Limited
Naman Securities & Finance Pvt. Limited
BP Fintrade Pvt. Limited

Holding

The Adjudicating Officer held that the six Noticees had not violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) and (g) of the PFUTP Regulations by executing self-trades, and consequently no monetary penalty under Section 15HA of the SEBI Act was imposed; the adjudication proceedings were disposed off.

Full text

___________________________________________________________________________ Adjudication Order in the matter of Midfield Industries Limited Page 2 of 8

___________________________________________________________________________ Adjudication Order in the matter of Midfield Industries Limited Page 3 of 8

___________________________________________________________________________ Adjudication Order in the matter of Midfield Industries Limited Page 4 of 8

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Source: SecMarx — sebi:AO/JS/VRP/23-28/2017. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.