sebi:SO/EFD-2/SD/257/JANUARY/2019
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Facts / Headnote
Settlement of adjudication and enquiry proceedings upon payment of consolidated settlement amount of INR 39,73,750
Provisions invoked
- s. 15J
Regulations
- Reg. 17
- Reg. 15
- Reg. 16(2)
Parties
- JMP Securities Pvt. Ltd.
Holding
The adjudication and enquiry proceedings against JMP Securities Pvt. Ltd. for the alleged defaults are settled upon payment of a consolidated settlement amount of INR 39,73,750, and SEBI shall not initiate any enforcement action against the applicant for the said defaults.
Full text
Settlement order in the matter of JMP Securities Pvt. Ltd. Page 2 of 3 3. The High Powered Advisory Committee (‘HPAC’) in its meeting held on October 08, 2018
Settlement order in the matter of JMP Securities Pvt. Ltd. Page 3 of 3 waivers filed during the present settlement proceedings.
considered the settlement terms proposed and recommended both the applications for settlement upon payment of a consolidated amount of ` 39,73,750 /- (Rupees Thirty Nine Lakh Seventy Three Thousand Seven Hundred and Fifty only) as settlement amount for the aforementioned violations. The Panel of Whole Time Members of SEBI accepted the said recommendation of the HPAC on November 14, 2018 and the same was communicated to the applicants vide e-mail dated November 20, 2018.
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Source: SecMarx — sebi:SO/EFD-2/SD/257/JANUARY/2019. 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.