sebi:Order/PM/GD/2021-22/14997
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 65
- s. 65B
Regulations
- Reg. 3
- Reg. 9(f)
- Reg. 4(1)
- Reg. 26
- Reg. 9
- Reg. 3(b)
- Reg. 07
Parties
- Silver Stream Equities Private Limited
Holding
The order finds that Silver Stream Equities Private Limited violated NSE Co-Location Guidelines read with Point 2(a) of Chapter V of NSE bye-laws, and clauses A(2) and A(5) of the Code of Conduct under the Stock Broker Regulations, by continuing to connect to the secondary server without sufficient reason after NSE's guidelines and two reprimands.
Full text
Adjudication Order in respect of Silver Stream Equities Private Limited in the matter of NSE Co-Location Page 2 of 45 bye-laws including NSE Co-location Guidelines, clauses A(2) and A(5) of the Code of Conduct specified under Schedule II of regulation 9(f) of the Stock Broker Regulations, 1992 and regulations 3(b), 3(c), 3(d) and 4(1) of Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (hereinafter referred to as PFUTP Regulations, 2003) read with (r/w) sections 12A(a), 12A(b) & 12A(c) of the SEBI Act, 1992.
Adjudication Order in respect of Silver Stream Equities Private Limited in the matter of NSE Co-Location Page 3 of 45 3 Currency Derivatives (CD) Segment January 02, 2012 to April 06, 2014
Adjudication Order in respect of Silver Stream Equities Private Limited in the matter of NSE Co-Location Page 4 of 45 CM segment - - 12 - 2 14 FO segment 27 - 9 99 66 201 Total 27 - 43 114 68 252
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