sebi:EAD/KS/MKG/AO/114/2017-18
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Facts / Headnote
Show Cause Notice disposed of without imposition of any penalty under section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 7
- Reg. 199
- Reg. 17
- Reg. 200
- Reg. 18
- Reg. 3(a)
Parties
- OPG Securities Private Limited
Holding
Show Cause Notice No. SEBI/EAD/KS/MKG/31235/2017 dated December 12, 2017 alleging violation of Clause A(2) of the Code of Conduct read with Regulation 7 of the Broker Regulations by OPG Securities Private Limited is disposed of without imposition of any penalty under section 15HB of the SEBI Act.
Full text
Page 2 of 12 Table: 1 Self-Trades: Entity Name Broker On Both Buy & Sell Side Mkt Volume (No. of Shares) Traded Volume (BUY) (No. of Shares) Self traded Qty. (No. of Shares) No. of trades No of days on which self-trades done % of self-traded qty with client's traded vol. % Of Self Traded Qty. To Market Vol. GKN OPG Securities Pvt. Ltd. 5,17,54,760 35,65,435 1,95,452 6,874 7 5.48% 0.38%
Page 3 of 12 Broker Regulations, 1992 as specified in the said SCN. The Noticee was given 15 days of time to make their submission against the allegations made in the SCN.
Page 4 of 12 be considered as intentional nor malafide and does not result in any financial gain either to our Company or to our client M/s. GKN Securities. The jobbing trades were squared up on the same day of trading.
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Source: SecMarx — sebi:EAD/KS/MKG/AO/114/2017-18. 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.