sebi:Order/AK/VV/2022-23/25245
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 5,00,000 imposed on RTG Share Broking Ltd under Section 15HB of the SEBI Act, 1992 for violation of Clause A(2) of Code of Conduct read with Regulation 9(f) of the Brokers Regulations.
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 6
- Reg. 26
- Reg. 9
Parties
- RTG Share Broking Ltd
Holding
The Adjudicating Officer held that RTG Share Broking Ltd violated Clause A(2) of the Code of Conduct for Stock Brokers read with Regulation 9(f) of the Brokers Regulations by failing to exercise due skill, care and diligence, and imposed a monetary penalty of Rs. 5,00,000 under Section 15HB of the SEBI Act, 1992.
Full text
Adjudication Order in respect of RTG Share Broking Ltd in the matter of Trading Members in Illiquid Stock Options Page 2 of 13
Adjudication Order in respect of RTG Share Broking Ltd in the matter of Trading Members in Illiquid Stock Options Page 3 of 13
Adjudication Order in respect of RTG Share Broking Ltd in the matter of Trading Members in Illiquid Stock Options Page 4 of 13
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Source: SecMarx — sebi:Order/AK/VV/2022-23/25245. 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.