sebi:Order/PM/NK/2018-19/1778
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Facts / Headnote
Violation found; noticee held liable for monetary penalty
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 199
- Reg. 17
- Reg. 21(1)
- Reg. 26
- Reg. 21
- Reg. 17(1)(k)
Holding
The Noticee violated Regulation 17(1)(k) and 21(1), margin collection/reporting norms and client fund/securities segregation norms, and misused clients' funds, and is liable for monetary penalty under Section 15HB of the SEBI Act read with Regulation 26(xiii).
Full text
Page 2 of 26 other documents has not complied with Regulation 21 (1) of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992. It was also alleged that the Noticee did not provide any document on margin and therefore has not complied with Clause 1.2.9, 2.2.5, 3.2.6 and 4.2.5 of SEBI Master Circular No. CIR/MRD/DRMNP/11/2013 dated April 01, 2013 read with Annexure A and Annexure B of NSE circular no: NSE/INSP/19583, dated December 14, 2011.
Page 3 of 26 of the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for the alleged violation of the provisions of law by the Noticee.
Page 4 of 26 document on margin, it has not complied with Clause 1.2.9, 2.2.5, 3.2.6 and 4.2.5 of SEBI Master Circular No. CIR/MRD/DRMNP/11/2013 dated April 01, 2013) read with Annexure A and Annexure B of NSE circular no: NSE/INSP/19583, dated December 14, 2011.
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Source: SecMarx — sebi:Order/PM/NK/2018-19/1778. 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.