sebi:Order/NH/RJ/2023-24/27902
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Facts / Headnote
Violation established; penalty of Rs. 4,00,000 imposed under Section 15HB
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
- s. 23D
- s. 19G
Regulations
- Reg. 199
- Reg. 9(f)
- Reg. 9
- Reg. 9(1)
Parties
- Guiness Securities Limited
Holding
The Adjudicating Officer held Guiness Securities Limited violated Schedule II A(2) of Code of Conduct for Stock Brokers r/w Regulation 9(f) of Broker Regulations by failing to exercise due care and diligence in dealing with its clients, and imposed a penalty of Rs. 4,00,000 under Section 15HB of the SEBI Act.
Full text
Adjudication Order in respect of Guiness Securities Limited in the matter of Trading Members in Illiquid Stock Options Page 2 of 28
Adjudication Order in respect of Guiness Securities Limited in the matter of Trading Members in Illiquid Stock Options Page 3 of 28
Adjudication Order in respect of Guiness Securities Limited in the matter of Trading Members in Illiquid Stock Options Page 4 of 28
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Source: SecMarx — sebi:Order/NH/RJ/2023-24/27902. 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.