sebi:PKB/AO-18/2010
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Facts / Headnote
Noticee found in violation of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 and SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 Code of Conduct for engaging in cross trades and synchronized trades creating a false market in Blue Print Securities Ltd.
Provisions invoked
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 3
- Reg. 2
- Reg. 4(2)(a)
- Reg. 4(2)(b)
- Reg. 4
- Reg. 4(2)
Parties
- Ahilya Commercial Pvt. Ltd.
Holding
The noticee, Ahilya Commercial Pvt. Ltd., was held to have violated the FUTP Regulations and the Code of Conduct for Stock Brokers by executing continuous cross trades and synchronized trades in the scrip of Blue Print Securities Ltd., thereby creating a false market and artificial price/volume appearance.
Full text
Adjudication Order In Respect of Ahilya Commercial Pvt. Ltd. In The Matter of Blue Print Securities Ltd. 15/2/2010 Page 2 of 23
Adjudication Order In Respect of Ahilya Commercial Pvt. Ltd. In The Matter of Blue Print Securities Ltd. 15/2/2010 Page 3 of 23 by noticee. Pursuant to the transfer of D. Sura Reddy, I was appointed as Adjudicating Officer vide order dated December 10, 2008.
Adjudication Order In Respect of Ahilya Commercial Pvt. Ltd. In The Matter of Blue Print Securities Ltd. 15/2/2010 Page 4 of 23
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Source: SecMarx — sebi:PKB/AO-18/2010. 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.