sebi:EAD-1/AO/SM/LD/2022-23/24838
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 for violations of securities laws
Provisions invoked
- s. 15
- s. 12
- s. 15H
- s. 28A
- s. 15F
- s. 23
- s. 23D
- s. 19G
Regulations
- Reg. 7
- Reg. 6
- Reg. 9(f)
- Reg. 3(2)
Parties
- M/s. SSJ Finance and Securities Private Ltd.
Holding
The Noticee was found to have violated provisions of securities laws including failure to segregate client funds (negative G-value on 22 of 40 sample days), non-settlement of client accounts, incorrect reporting to exchanges, and non-compliance with PAN verification requirements. A monetary penalty of Rs. 5,00,000 was imposed.
Full text
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Source: SecMarx — sebi:EAD-1/AO/SM/LD/2022-23/24838. 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.