sebi:PKK/AO/26/2011
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Facts / Headnote
Penalty of Rs. 3,00,000 imposed for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
Parties
- M/s. Vintel Securities Pvt. Ltd
Holding
The Noticee violated Regulations 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations, 2003 and was held liable for penalty under Section 15HA of the SEBI Act. A monetary penalty of Rs. 3,00,000 was imposed on M/s. Vintel Securities Pvt. Ltd.
Full text
Page 2 of 11 2. Subsequent to the transfer of the erstwhile AO to the Enforcement Department SEBI, vide Order dated August 17, 2010, the undersigned was appointed under Section 15 I of the SEBI Act (hereinafter referred to as the ‘SEBI Act’) read with Rule 3 of SEBI (Procedure for holding Inquiry and Imposing
Page 3 of 11 am proceeding with the matter based on the material available on record. Consideration of Issues, Evidence and Findings
Page 4 of 11 (2) Dealing in securities shall be deemed to be a fraudulent or an unfair trade practice if it involves fraud and may include all or any of the following, namely :— (a) indulging in an act which creates false or misleading appearance of trading in the securities market; (e) any act or omission amounting to manipulation of the price of a security;
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Source: SecMarx — sebi:PKK/AO/26/2011. 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.