sebi:AO/SBM/EAD-3/128/2018
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Facts / Headnote
Adjudication proceedings disposed of without imposition of any penalty
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Shri Vipul Mohan Joshi
Holding
The Adjudicating Officer held that the violations of Regulations 3(a), (b), (c), (d) and 4(1) and 4(2)(g) of the PFUTP Regulations by the Noticee were not established, and disposed of the adjudication proceedings without imposing any penalty.
Full text
Page 2 of 10 violations of the provisions of PFUTP Regulations, as aforesaid, it is alleged that Noticee is liable for penalty under section 15HA of the SEBI Act. APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 10 Name Total self- trades volume Total self trades count Self trades from same terminal No. of days on which self trades executed % of self traded quantity to market volume Net LTP contribution by self trades Vipul Mohan Joshi 11,925 8 0 6 0.11% 7.2
Page 4 of 10 letter dated July 31, 2017. Mr. Vikas Bengani (Authorised Representative – AR) appeared on behalf of the Noticee on the stipulated date of the hearing i.e on September 27, 2017. The AR made the following submissions on behalf of the Noticee- a) The AR reiterated the submissions made by the Noticee vide his letter dated August 31, 2017. b) The AR requested for time to submit additional documents/reply on record. Accordingly, AR was advised to submit the additional documents/reply by October 09, 2017.
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Source: SecMarx — sebi:AO/SBM/EAD-3/128/2018. 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.