sebi:PM/NR/2021-22/12219
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Facts / Headnote
Noticee held liable for violating Section 12A(e) of the SEBI Act and Regulations 3(a) and 4(1) of the SEBI (PFUTP) Regulations, 2003; charge under Regulation 4(2)(q) not sustained; penalty imposed under Section 15HA
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 12
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 200
- Reg. 2
- Reg. 3(a)
- Reg. 4(2)(q)
- Reg. 44(2)
- Reg. 18(25)(B)
- Reg. 18(27)
Parties
- Jayaram S Iyer
Holding
The Noticee, a Director of FT-AMC, violated Section 12A(e) of the SEBI Act and Regulations 3(a) and 4(1) of the PFUTP Regulations by redeeming units of FI-STIP while in possession of material non-public information about stress in the debt schemes, constituting an unfair trade practice. The charge under Regulation 4(2)(q) (front-running) was not sustained as the SCN did not identify specific knowledge of a substantial impending transaction.
Full text
Adjudication Order in respect of Jayaram S Iyer in the matter of inspection of Six debt schemes of Franklin Templeton Mutual Fund
Adjudication Order in respect of Jayaram S Iyer in the matter of inspection of Six debt schemes of Franklin Templeton Mutual Fund
Adjudication Order in respect of Jayaram S Iyer in the matter of inspection of Six debt schemes of Franklin Templeton Mutual Fund
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Source: SecMarx — sebi:PM/NR/2021-22/12219. 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.