sebi:EAD-5/SVKM/RGA/AO/16-17/2015-16
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Facts / Headnote
Violations found; monetary penalty imposed on the Noticee under sections 15HA and 15HB of the SEBI Act, 1992
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 15
- Reg. 17
- Reg. 2
- Reg. 4(2)(a)
- Reg. 4(2)(g)
Parties
- Paresh S Shah
Holding
The Noticee, a sub-broker, was held to have violated Regulation 4(1), 4(2)(a) and (g) of the PFUTP Regulations, 2003 and Clause A(1) and (2) of the Code of Conduct read with Regulation 15 of the Broker Regulations, 1992 by indulging in circular/reversal and manipulative trades in the scrip of HSSL that created artificial volumes and influenced prices, and was liable for monetary penalty under sections 15HA and 15HB of the SEBI Act, 1992.
Full text
Adjudication Orders in respect of Paresh S Shah in the matter of Harita Seating Systems Limited Page 2 of 27 August 31, 2015
Adjudication Orders in respect of Paresh S Shah in the matter of Harita Seating Systems Limited Page 3 of 27 August 31, 2015
Adjudication Orders in respect of Paresh S Shah in the matter of Harita Seating Systems Limited Page 4 of 27 August 31, 2015
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Source: SecMarx — sebi:EAD-5/SVKM/RGA/AO/16-17/2015-16. 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.