sebi:Order/NH/YK/2024-25/30718
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Provisions invoked
- s. 15
- s. 11B
- s. 11
- s. 15H
- s. 15J
Regulations
- Reg. 6
- Reg. 9(b)
Parties
- Jainam Broking Limited
Holding
The Noticee, Jainam Broking Limited, was found to have violated provisions of securities law on multiple counts including use of non-permissible words by APs, failure to keep evidence of client order placement, irregularities in terminal operations, office management, dealing with clients, and supervision of APs. The order addresses these violations under Regulation 9(b) and Clause A(5) of the Code of Conduct of the Brokers Regulations read with applicable NSE and SEBI circulars.
Full text
Adjudication order in the matter of Jainam Broking Limited Page 2 of 39 by the Noticee and the corresponding provision of the securities law are given in the table below: Table 1 Sr. No. Alleged Violations (Summarized) Regulatory Provisions
Adjudication order in the matter of Jainam Broking Limited Page 3 of 39 Sr. No. Alleged Violations (Summarized) Regulatory Provisions referred to as “NSE Circular dated December 13, 2021”), NSE Circular No. NSE/INSP/42448 dated October 18, 2019 (hereinafter referred to as “NSE Circular dated October 18, 2019”), and NSE Circular No. NSE/MSD/56778 dated May 22, 2023 (hereinafter referred to as “NSE Circular dated May 22, 2023”).
Adjudication order in the matter of Jainam Broking Limited Page 4 of 39 Sr. No. Alleged Violations (Summarized) Regulatory Provisions referred to as “NSE Circular dated June 02, 2023”).
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Source: SecMarx — sebi:Order/NH/YK/2024-25/30718. 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.