sebi:BS/AO-48/2008
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Facts / Headnote
Violation established; penalty imposed
Provisions invoked
- s. 15
- s. 15J
- s. 15H
Regulations
- Reg. 7
- Reg. 3
- Reg. 4(1)
Parties
- Dimension Securities Private Limited
Holding
The noticee violated Regulation 4(1) & 4(2)(a)(b)(e) and (g) of the SEBI FUTP Regulations, 2003 and Clauses A(1)-(5) of the Stock Brokers Code of Conduct. A consolidated penalty of Rs. 2,00,000 was imposed under Sections 15HA and 15HB of the SEBI Act, 1992.
Full text
2 the same, BSE conducted a full fledged investigation for the period of May 14, 2004 to March 29, 2005 and submitted its report to SEBI for further examination.
3 submissions in respect of the allegations against it. Subsequently, the noticee made additional submissions vide its letter dated June 30, 2008. CONSIDERATION OF ISSUES
4 10. The next issue for consideration in the matter is whether the noticee failed to exercise due care and diligence while dealing in the scrip of SGSL on behalf of its clients during the investigation period and thereby violated Clause A(1), A(2), A(3), A(4) and A(5) of Code of Conduct prescribed for Stock brokers, in Schedule II under Regulation 7 of SEBI(Stock Brokers and Sub-Brokers) Regulations, 1992. The text of the said provisions are- Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992 Code of Conduct for Stock Brokers A. General.
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Source: SecMarx — sebi:BS/AO-48/2008. 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.