sebi:IVD-ID4/SPML-MPCS/AO/DRK/AS/EAD3/259-09/25-2011
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Facts / Headnote
Violation found; consolidated penalty of Rs.3,00,000 imposed on the noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 4(1)
- Reg. 4(2)
- Reg. 2(a)
Parties
- MPC Securities Limited
Holding
MPC Securities Limited was held to have violated Regulation 4(2)(a) & (e) of the PFUTP Regulations read with Clause A(1), (2), (3) & (4) of the Code of Conduct for Stock Brokers. A consolidated penalty of Rs.3,00,000 under Sections 15HA and 15HB of the SEBI Act, 1992 was imposed on it.
Full text
Page 2 of 15 price rise was during the period March 31, 2004 to April 15, 2004. The daily average volumes of shares traded during the period under examination were 770 shares.
Page 3 of 15 to as the ‘Broker Regulations’) alleged to have been committed by MPC Securities Ltd. (hereinafter referred to as the ‘noticee’). SHOW CAUSE NOTICE, REPLY AND HEARING
Page 4 of 15 last traded price (hereinafter referred to as ‘LTP’) on 29 out of the total 71 occasions in NSE during the investigation period.
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Source: SecMarx — sebi:IVD-ID4/SPML-MPCS/AO/DRK/AS/EAD3/259-09/25-2011. 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.