sebi:ED/PR/IVD/ID9/21092/2022-23
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Facts / Headnote
Show Cause Notice dated February 03, 2021 issued against Noticee nos. 1 to 3 disposed of without any direction.
Provisions invoked
- s. 11
- s. 19
- s. 12A
- s. 15G
- s. 15J
- s. 45
Regulations
- Reg. 199
- Reg. 4(1)
- Reg. 3
- Reg. 2
- Reg. 9
- Reg. 2(1)(g)
- Reg. 3(1)
- Reg. 2(1)(n)
Parties
- Mr. Shailendra Mehta
- Ms. Shruti Vishal Vora
- Mr. Varun Khandelwal
Holding
The charges of insider trading (communicating UPSI and trading while in possession of UPSI) against all three Noticees were not established and the SCN was disposed of without any direction. However, SEBI was directed to examine the conduct of Noticee nos. 2 and 3 under the Code of Conduct for Stock Brokers and the Portfolio Managers Regulations respectively.
Full text
__________________________________________________________________________________________ Order in the matter of Circulation of Unpublished Price Sensitive Information through WhatsApp messages with respect to HDFC Bank Ltd. Page 2 of 25
__________________________________________________________________________________________ Order in the matter of Circulation of Unpublished Price Sensitive Information through WhatsApp messages with respect to HDFC Bank Ltd. Page 3 of 25
__________________________________________________________________________________________ Order in the matter of Circulation of Unpublished Price Sensitive Information through WhatsApp messages with respect to HDFC Bank Ltd. Page 4 of 25
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Source: SecMarx — sebi:ED/PR/IVD/ID9/21092/2022-23. 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.