sebi:Order/SM/DD/2022-23/18172
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. 19
- s. 12A
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 6
- Reg. 9
- Reg. 9(f)
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 4(2)(f)
- Reg. 26
- Reg. 200
- Reg. 25
- Reg. 3(a)
- Reg. 25(i)
Parties
- IIFL Securities Limited
Holding
The Noticee, IIFL Securities Limited, was found to have violated Sections 12A(a), (b) and (c) of the SEBI Act and Regulations 3(a), (b), (c) and (d), 4(1), 4(2)(e) of the PFUTP Regulations and Clauses A(1) to A(4) of the Code of Conduct under Regulation 9(f) of the Broker Regulations by executing manipulative sell orders in the scrip of ICICI Lombard General Insurance Company Limited on behalf of its client FAL.
Full text
Adjudication Order in respect of IIFL Securities Limited in the matter of. ICICI Lombard General Insurance Company Limited
Adjudication Order in respect of IIFL Securities Limited in the matter of. ICICI Lombard General Insurance Company Limited
Adjudication Order in respect of IIFL Securities Limited in the matter of. ICICI Lombard General Insurance Company Limited
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Source: SecMarx — sebi:Order/SM/DD/2022-23/18172. 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.