sebi:EAD-7/BD/NR/2019-20/7263
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Facts / Headnote
Show Cause Notice disposed of with imposition of monetary penalty under Sections 15HA and 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 12
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 7
- Reg. 3
- Reg. 4(1)
- Reg. 9
Parties
- MBL & Co. Ltd
Holding
The Noticee MBL & Co. Ltd was held to have violated Section 12A(a), (b), (c) of the SEBI Act read with Regulations 3 and 4 of the SEBI (PFUTP) Regulations, 2003 and Clause A(2) of the Code of Conduct for Stock Brokers read with Regulation 7 (Regulation 9) of the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992, by executing intentional single-share self-trades in its proprietary account in the scrip of Gujarat NRE Coke Ltd. with manipulative intent to create false price ascension.
Full text
_____________________________________________________________________________________ Adjudication Order in the matter of Gujarat NRE Coke Ltd., Page 2 of 30
_____________________________________________________________________________________ Adjudication Order in the matter of Gujarat NRE Coke Ltd., Page 3 of 30
_____________________________________________________________________________________ Adjudication Order in the matter of Gujarat NRE Coke Ltd., Page 4 of 30
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Source: SecMarx — sebi:EAD-7/BD/NR/2019-20/7263. 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.