sebi:EAD-2/SS/VS/2019-20/4359
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Facts / Headnote
Violation found; monetary penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 15
- Reg. 4(a)
Parties
- SRU Securities Limited
Holding
The Noticee, SRU Securities Limited, manipulated the price of Cerebra Integrated Technologies Limited by repeatedly placing small-quantity buy orders above LTP, violating Regulations 3(a)-(d) and 4(1), 4(2)(a) and (e) of the PFUTP Regulations and Clauses A(1), A(2) and D(4) of the Sub-Brokers Code of Conduct. A total monetary penalty of Rs.6,00,000 was imposed - Rs.5,00,000 under Section 15HA and Rs.1,00,000 under Section 15HB of the SEBI Act.
Full text
___________________________________________________________________________ Adjudication Order in the matter of Cerebra Integrated Technologies Limited Page 2 of 14 (File Ref No.: EAD-2/SS/VS/38/78/2019-20)
___________________________________________________________________________ Adjudication Order in the matter of Cerebra Integrated Technologies Limited Page 3 of 14 (File Ref No.: EAD-2/SS/VS/38/78/2019-20)
___________________________________________________________________________ Adjudication Order in the matter of Cerebra Integrated Technologies Limited Page 4 of 14 (File Ref No.: EAD-2/SS/VS/38/78/2019-20)
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Source: SecMarx — sebi:EAD-2/SS/VS/2019-20/4359. 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.