sebi:Order/VV/AK/2023-24/25883
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Facts / Headnote
Penalty of Rs 2,00,000 imposed under Section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 26
- Reg. 9
- Reg. 4(2)(a)
- Reg. 201
Parties
- SPFL Securities Ltd
Holding
The Adjudicating Officer held that SPFL Securities Ltd violated Clauses (1), (2), (3) and (4) of the Code of Conduct for Stock Brokers read with Regulation 9(f) of the Broker Regulations by executing 126 proprietary reversal trades and failing surveillance obligations, and imposed a penalty of Rs 2,00,000 under Section 15HB of the SEBI Act, 1992.
Full text
________________________________________________________________________ Adjudication order in respect of SPFL Securities Ltd
________________________________________________________________________ Adjudication order in respect of SPFL Securities Ltd
________________________________________________________________________ Adjudication order in respect of SPFL Securities Ltd
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Source: SecMarx — sebi:Order/VV/AK/2023-24/25883. 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.