sebi:EAD/SS-VS/7/2018-19
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee
Provisions invoked
- s. 15H
- s. 15I
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 15
- Reg. 15(1)(b)
- Reg. 26
- Reg. 2(1)
- Reg. 12A
Parties
- Raju Rajak
Holding
The Noticee, Raju Rajak, was held in default of clauses A(1) and A(2) of the Code of Conduct for sub-brokers under Schedule II read with Regulation 15(1)(b) of the Stock Brokers Regulations, and a minimum monetary penalty of Rs. 1,00,000 was imposed under section 15HB of the SEBI Act. The Noticee was not held in default of the guidance note in Annexure-6 of SEBI Circular No. CIR/MIRSD/16/2011.
Full text
____________________________________________________________________________________ Adjudication Order in matter of Raju Rajak-Sub Broker Page 2 of 8
____________________________________________________________________________________ Adjudication Order in matter of Raju Rajak-Sub Broker Page 3 of 8
____________________________________________________________________________________ Adjudication Order in matter of Raju Rajak-Sub Broker Page 4 of 8
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Source: SecMarx — sebi:EAD/SS-VS/7/2018-19. 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.