sebi:Settlement_Orders_220_Order_against_Mukesh_Babu_Securities_Ltd
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Facts / Headnote
Suspension of certificate of registration for a period of one year, effective on expiry of three weeks
Provisions invoked
- s. 11
- s. 4(3)
Regulations
- Reg. 7
- Reg. 13(2)
- Reg. 13(4)
- Reg. 4(b)
Holding
The broker was found to have indulged in synchronized trading in the scrip of GTB in violation of Regulation 4(b) of FUTP Regulations and Clause A(4) of Code of Conduct, and its certificate of registration was suspended for one year.
Full text
In view of the above findings, the enquiry officer recommended that the Certificate of Registration of the said broker may be suspended period of one year. 3.0 Show Cause Notice and Hearing Show cause notice was issued as per Regulation 13(2) of enquiry regulations to the said broker on 05.02.2004 to which the said broker sub their reply on 20.02.2004.
(h) The broker further submitted that their dealers through NEAT trading system of NSE did the entire trading in the scrip and that while e
The said broker asked for a personal hearing which was held on 18.03.2004. The broker vide letter dated 30.03.2004 also forwarded
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Source: SecMarx — sebi:Settlement_Orders_220_Order_against_Mukesh_Babu_Securities_Ltd. 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.