sebi:QJA/GR/IVD-3/ID2/30657/2024-25
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 11(4)
- s. 15
- s. 12A
- s. 15H
- s. 15J
- s. 28B
- s. 11(5)
- s. 28(2)
- s. 28B(2)
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 2
- Reg. 3(a)
- Reg. 4(2)(q)
Parties
- Sachin Bhogte (Noticee No. 1)
- Samir Bhogte (Noticee No. 2)
- Suchita Bhogte (Noticee No. 3)
- Late Mr. Ashok Yashwant Bhogte (deceased, Front Runner)
Holding
The order finds that Noticee No. 1 (Sachin Bhogte) front ran the trades of Big Clients (Girik Wealth Advisors Private Limited and Girik Multicap Growth Equity Fund) using the trading account of his late father Ashok Yashwant Bhogte, violating Section 12A(a),(b),(c),(e) of the SEBI Act and Regulations 3(a)-(d), 4(1) and 4(2)(q) read with Regulation 2(1)(c) of the PFUTP Regulations. Liability of the legal heirs/representatives (Noticees 1, 2 and 3) for the front running activities of the deceased was invoked under Section 28B(2)(b) of the SEBI Act.
Full text
Order in the matter of front running the trades of Girik Wealth Advisors Private Limited and Girik Multicap Growth Equity Fund by Ashok Yashwant Bhogte Page 2 of 30
Order in the matter of front running the trades of Girik Wealth Advisors Private Limited and Girik Multicap Growth Equity Fund by Ashok Yashwant Bhogte Page 3 of 30
Order in the matter of front running the trades of Girik Wealth Advisors Private Limited and Girik Multicap Growth Equity Fund by Ashok Yashwant Bhogte Page 4 of 30
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Source: SecMarx — sebi:QJA/GR/IVD-3/ID2/30657/2024-25. 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.