sebi:EAD/BJD/BKM/156-157/2017-18
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated November 16, 2017 disposed of without imposition of penalty
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 7
- Reg. 3
- Reg. 4(1)
- Reg. 200
- Reg. 9
Parties
- SPFL Securities Ltd
- Milkway Mercantiles Pvt Ltd
Holding
The adjudication proceedings against SPFL Securities Ltd and Milkway Mercantiles Pvt Ltd were disposed of without imposing any penalty, holding that Milkway's self-trades did not establish creation of artificial volumes or price manipulation.
Full text
______________________________________________________________________________ Adjudication Order against SPFL Securities Ltd and Milkway Mercantiles Pvt Ltd in the matter of Clarus Finance and Securities Ltd. Page 2 of 25
______________________________________________________________________________ Adjudication Order against SPFL Securities Ltd and Milkway Mercantiles Pvt Ltd in the matter of Clarus Finance and Securities Ltd. Page 3 of 25
______________________________________________________________________________ Adjudication Order against SPFL Securities Ltd and Milkway Mercantiles Pvt Ltd in the matter of Clarus Finance and Securities Ltd. Page 4 of 25
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Source: SecMarx — sebi:EAD/BJD/BKM/156-157/2017-18. 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.