sebi:EAD-8/ORDER/KS/VB/2018-19/214
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 15(1)(b)
- Reg. 26
- Reg. 9
- Reg. 16C
Parties
- Ventura Securities Ltd
Holding
The Noticee, Ventura Securities Ltd, violated the Code of Conduct for Stock Brokers and related SEBI/NSE circulars and Regulation 26 of the Stock Brokers Regulations, and a monetary penalty of Rs.3,00,000 under Section 15HB of the SEBI Act was imposed.
Full text
Page 2 of 21 NSE Circular no. NSE/MEM/3445 dated June 19, 2002; NSE Circular NSE/MA/22732 dated February 13, 2013; SEBI Circulars no. MIRSD/DR-l/Cir- 16/09 dated November 06, 2009; SEBI/Cir/MIRSD/AP/8/2010 dated July 23, 2010; Regulation 16C (2) of Stock Brokers Regulations. Clause A(1), A(2) and A(5) of the code of conduct for stock brokers as stipulated in schedule II read with Regulation 9(f) of the Stock Brokers Regulations Regulation 26 (xv) (xvi) (xix), (xx) of Stock Brokers Regulations
Page 3 of 21 a) It was observed that Prakash Varma obtained trading terminals (BSE-Cash) with the persons mentioned in table below as users who were not working with Prakash Varma and the said terminals were operated by the other employees of Prakash Varma. The details are as mentioned at table below: S. No Name of the user Terminal No.(Locat ion id) Status of the employee Executed trades using the Trading terminal
Page 4 of 21 S. No. Name of the user Terminal No. (Location id) Executed trades using the Trading terminal From To 5. Santosh Biranwar, Tumsar 4419120121121099
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Source: SecMarx — sebi:EAD-8/ORDER/KS/VB/2018-19/214. 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.