sebi:ORDER/SS/SK/2019-20/4608
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Facts / Headnote
Penalty imposed on the Noticee for violation of Code of Conduct under SBSB Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 28A
- s. 65B(4)
- s. 65B
Regulations
- Reg. 7
- Reg. 6
- Reg. 9
- Reg. 9(f)
- Reg. 26
Parties
- SMC Global Securities Ltd.
Holding
SMC Global Securities Ltd. was held liable for violating the Code of Conduct under the SEBI (Stock Brokers and Sub-Brokers) Regulations by repeatedly connecting to the secondary/fall-back server without complaint or reference to NSE and despite NSE's reprimands, and a monetary penalty of Rs. 5,00,000 was imposed under Section 15HB of the SEBI Act.
Full text
______________________________________________________________________________________ Adjudication Order in the matter of SMC Global Securities Ltd. Page 2 of 31 (Ref No.: EAD-2/SS/SK/44/90/2019-20)
______________________________________________________________________________________ Adjudication Order in the matter of SMC Global Securities Ltd. Page 3 of 31 (Ref No.: EAD-2/SS/SK/44/90/2019-20)
______________________________________________________________________________________ Adjudication Order in the matter of SMC Global Securities Ltd. Page 4 of 31 (Ref No.: EAD-2/SS/SK/44/90/2019-20)
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Source: SecMarx — sebi:ORDER/SS/SK/2019-20/4608. 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.