sebi:EAD/PM-NK/AO/14/2017-18
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Facts / Headnote
Show Cause Notice disposed of without imposition of any penalty
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 3
- Reg. 9
- Reg. 4(2)(a)
Parties
- Adroit Financial Services Private Limited
Holding
Show Cause Notice A&E/EAD/PM-NK/17663/2017 dated July 28, 2017 against Adroit Financial Services Private Limited was disposed of without imposition of any penalty. Violations of Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and (g) of PFUTP Regulations, 2003 and Clause A(3), A(4) and A(5) of the Code of Conduct read with Regulation 9(f) were held not established.
Full text
Page 2 of 7 3. It was further observed that Adroit Financial Services Private Limited was engaged in proprietary trades (trading in own account) and had repeatedly indulged into self- trades on NSE.
Page 3 of 7 Brokers and Sub-Brokers) Regulations, 1992 by the Noticee. Subsequently, I was appointed as the Adjudicating Officer in place of Shri Nagendraa Parakh in the present matter vide order dated May 18, 2017. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
Page 4 of 7 b. Does the violation, if any, attract monetary penalty under section 15HA and 15HB of SEBI Act, 1992? Violation of PFUTP Regulations, 2003
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Source: SecMarx — sebi:EAD/PM-NK/AO/14/2017-18. 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.