sebi:QJA/GR/IVD/ID4/31008/2024-25
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Facts / Headnote
Penalty of Rs.25,00,000 imposed on Thar Share Brokers Pvt. Ltd. under Section 15HB of the SEBI Act
Provisions invoked
- s. 19
- s. 15H
Regulations
- Reg. 6
- Reg. 26
- Reg. 2
- Reg. 9
Parties
- Thar Share Brokers Pvt. Ltd.
Holding
Thar Share Brokers Pvt. Ltd. violated Clause A(2) of the Code of Conduct for Stock Brokers (Schedule II) read with Regulation 9 of the SEBI (Stock Brokers) Regulations, 1992 by failing to exercise due skill, care and diligence. A monetary penalty of Rs.25,00,000 under Section 15HB of the SEBI Act was imposed on the Noticee.
Full text
_____________________________________________________________________________________________ Order against Thar Share Brokers Pvt. Ltd. in the matter of trading activities of certain entities suspected to be front running the trades of Parshvanath Finvest Pvt Ltd, Thar Share Brokers Pvt Ltd and Gangwal Commodities Pvt Ltd. Page 2 of 12
_____________________________________________________________________________________________ Order against Thar Share Brokers Pvt. Ltd. in the matter of trading activities of certain entities suspected to be front running the trades of Parshvanath Finvest Pvt Ltd, Thar Share Brokers Pvt Ltd and Gangwal Commodities Pvt Ltd. Page 3 of 12
_____________________________________________________________________________________________ Order against Thar Share Brokers Pvt. Ltd. in the matter of trading activities of certain entities suspected to be front running the trades of Parshvanath Finvest Pvt Ltd, Thar Share Brokers Pvt Ltd and Gangwal Commodities Pvt Ltd. Page 4 of 12
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Source: SecMarx — sebi:QJA/GR/IVD/ID4/31008/2024-25. 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.