sebi:MC/AO-18/2010
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Facts / Headnote
Penalty imposed on the noticee for violation of PFUTP Regulations and Code of Conduct for Stock Brokers
Provisions invoked
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 3
- Reg. 4
- Reg. 4(1)
Parties
- Galaxy Broking Limited
Holding
The noticee Galaxy Broking Limited was held to have violated Regulations 4(1), 4(2)(a), (b) and (e) of PFUTP Regulations and clauses A(2) and A(3) of the Code of Conduct for Stock Brokers, and a total penalty of Rs. 75,000/- was imposed (Rs. 50,000 under Section 15HA and Rs. 25,000 under Section 15HB of the SEBI Act).
Full text
Adjudication Order in respect of Galaxy Broking Limited in the matter of Genus Commu Trade Limited December 30, 2010 Order No. MC/AO- 18/2010 Page 2 of 7 5. During the investigation period, it was observed that Galaxy Broking Limited (hereinafter referred to as ‘GBL’ or ‘noticee’), with SEBI Reg No. INB – 010882739, has traded for his clients Mukesh Choksi and Shailsh M Ved.
Adjudication Order in respect of Galaxy Broking Limited in the matter of Genus Commu Trade Limited December 30, 2010 Order No. MC/AO- 18/2010 Page 3 of 7 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Galaxy Broking Limited in the matter of Genus Commu Trade Limited December 30, 2010 Order No. MC/AO- 18/2010 Page 4 of 7 FINDINGS
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Source: SecMarx — sebi:MC/AO-18/2010. 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.