sebi:QJA/GR/MIRSD/MIRSD-SEC-3/30921/2024-25
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Facts / Headnote
Enquiry order finding multiple violations of SEBI Act, Rules, Regulations and circulars established against the Noticee; actions as recommended by the DA to be taken in terms of Regulation 27 of the Intermediaries Regulations.
Provisions invoked
- s. 19
- s. 23D
Regulations
- Reg. 4
- Reg. 9(f)
- Reg. 9
- Reg. 9(e)
- Reg. 9(b)
- Reg. 27
- Reg. 26
- Reg. 25(1)
Parties
- FRR Shares and Securities Limited
Holding
The Noticee, FRR Shares and Securities Limited, was found to have violated multiple provisions of the SEBI Act, Rules, Regulations and applicable circulars relating to its broking operations, including misuse of clients' funds, non-settlement of client funds, non-reporting of bank accounts, incorrect reporting of client fund monitoring data, and non-reporting of proprietary/error account codes.
Full text
__________________________________________________________________________________ Enquiry Order in the matter of FRR Shares and Securities Limited Page 2 of 30
__________________________________________________________________________________ Enquiry Order in the matter of FRR Shares and Securities Limited Page 3 of 30
__________________________________________________________________________________ Enquiry Order in the matter of FRR Shares and Securities Limited Page 4 of 30
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Source: SecMarx — sebi:QJA/GR/MIRSD/MIRSD-SEC-3/30921/2024-25. 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.