sebi:PKB/AO-151/2009
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Facts / Headnote
Alleged violations held not established; matter disposed of without penalty
Regulations
- Reg. 7
- Reg. 4
Parties
- Vijay J. Thakkar
Holding
The alleged violations of PFUTP Regulations and Broker Regulations by the noticee in the scrip of Todays Writing Products were held not established and the adjudication proceedings were disposed of.
Full text
Adjudication Order In Respect of Vijay J. Thakkar In The Matter of Todays Writing Products Page 2 of 12 17/11/2009 for 29 days and showed similar movement as in BSE. The average daily volume on BSE and NSE was 4, 17,998 and 41,085 shares respectively.
Adjudication Order In Respect of Vijay J. Thakkar In The Matter of Todays Writing Products Page 3 of 12 17/11/2009 such type of trading on all the 12 days. The noticee (a sub-broker) bought and sold 3, 70,664 shares and 3, 61,846 shares and traded on behalf of its client for 23 days. The net delivery of all above clients and brokers was nil except for Sunil Purohit, having net sale of 700 shares.
Adjudication Order In Respect of Vijay J. Thakkar In The Matter of Todays Writing Products Page 4 of 12 17/11/2009 10. The aforesaid are prohibited by under Regulation 4 (1), 4 (2), (a), (b), (g) and (n) of the Prohibition of Fraudulent and Unfair Trade Practices Regulations, 2003 (hereinafter referred to as the ‘FUTP Regulations’) and under the Code of Conduct specified under Schedule II of the SEBI (Stock brokers and Sub- brokers) Regulations, 1992 (hereinafter referred to as the ‘Broker Regulations’) {Regulation 7, clauses A (1) to (5)}.
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Source: SecMarx — sebi:PKB/AO-151/2009. 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.