sebi:Order/BD/BM/2019-20/6642
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Facts / Headnote
Violations established; monetary penalty imposed on the Noticee
Provisions invoked
- s. 15
- s. 12
- s. 15H
- s. 15J
- s. 28A
- s. 23J
- s. 23
- s. 23D
Parties
- Fort Share Broking Private Limited
Holding
The Noticee, Fort Share Broking Private Limited, was held liable for failing to maintain segregation of client and own funds, misusing credit balance clients' funds for debit balance clients' settlement obligations, and failing to settle running accounts of clients as mandated by SEBI Circulars dated November 18, 1993, April 17, 2008, and December 03, 2009 respectively. A monetary penalty of ₹3,00,000 was imposed under Section 15HB of the SEBI Act and Section 23D of SCRA.
Full text
Page 2 of 25 Adjudication Order against Fort Share Broking Private Limited 2016 to February 09, 2018 (hereinafter referred to as ‘Inspection Period’).
Page 3 of 25 Adjudication Order against Fort Share Broking Private Limited D of SCRA against the Noticee for the violation alleged to have been committed by it.
Page 4 of 25 Adjudication Order against Fort Share Broking Private Limited 9. I note that FSL is registered with SEBI as a Stock Broker of NSE having registration number INB/INF 231272437, BSE having registration number INB 011272433 and registered as a Depository Participant of CDSL having registration number IN-DP- CDSL-492-2008.
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Source: SecMarx — sebi:Order/BD/BM/2019-20/6642. 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.