sebi:EAD/NP/JS/AO/26/2017
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Facts / Headnote
Show cause notice disposed of; no penalty imposed
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 4
- Reg. 2(c)
- Reg. 3
- Reg. 4(1)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 9
Parties
- Samurai Securities Private Limited
Holding
The Adjudicating Officer found that the Noticee's self-trades were non-intentional and non-manipulative in light of the total transactions the Noticee was doing on a daily basis, and disposed of the show cause notice without imposing any penalty.
Full text
P a g e 2 | 18 and therefore also failed to adhere to the Code of Conduct as prescribed under Schedule II read with Regulation 9 of SEBI (Stock Broker and Sub broker) Regulations, 1992. Based on the findings of the investigation, SEBI initiated Adjudication Proceedings against the Noticee under Section 15 HA & 15HB of SEBI Act, 1992 (hereinafter referred to as SEBI Act, 1992) for the alleged violation of the provisions of SEBI (PFUTP) Regulations as enumerated above.
P a g e 3 | 18 Self Trades at BSE Entity Name Broker On Both Buy & Sell Side Traded Volume Total Self Trade Volume Total Self trade count Self trade count from same termi nal ID No of days on which self trades done % of self traded qty with client's traded vol (%) Net LTP contribu tion by self trades (Rs.) Samurai Securiti es Pvt Ltd Samurai Securities Pvt.Ltd. 1822122 56072 134 109 40 3.08 -0.38
P a g e 4 | 18 sought extension of further 10 days to submit additional submissions. The noticee filed its additional written submission vide their letter dated July 5, 2016.
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Source: SecMarx — sebi:EAD/NP/JS/AO/26/2017. 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.