sebi:Order/BM/JR/2024-25/30573
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Facts / Headnote
SCN dated June 8, 2023 disposed of without imposition of penalty
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15J
- s. 65B(4)
- s. 65B
Regulations
- Reg. 12
- Reg. 29
Parties
- Prudent Broking Services Pvt. Ltd.
Holding
The SCN dated June 8, 2023 against Prudent Broking Services Pvt. Ltd. is disposed of without imposition of penalty under section 15HB of the SEBI Act. The Noticee cannot be held vicariously liable for the alleged fraudulent trades of its Authorised Person Alpesh Furiya on the present evidence.
Full text
------------------------------------------------------------------------------------------------------------- Adjudication Order in the matter of Mr. Alpesh Furiya and connected entities trading ahead of recommendations made during television shows on CNBC Awaaz hosted/ co- hosted by Mr. Pradeep Pandya Page 2 of 18
------------------------------------------------------------------------------------------------------------- Adjudication Order in the matter of Mr. Alpesh Furiya and connected entities trading ahead of recommendations made during television shows on CNBC Awaaz hosted/ co- hosted by Mr. Pradeep Pandya Page 3 of 18
------------------------------------------------------------------------------------------------------------- Adjudication Order in the matter of Mr. Alpesh Furiya and connected entities trading ahead of recommendations made during television shows on CNBC Awaaz hosted/ co- hosted by Mr. Pradeep Pandya Page 4 of 18
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Source: SecMarx — sebi:Order/BM/JR/2024-25/30573. 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.