sebi:VSS/AO-139/2009
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Facts / Headnote
Alleged violations not established; matter disposed of without penalty
Provisions invoked
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 3
Parties
- Ashish Stock Broking Private Limited
Holding
The alleged violation of the provisions of PFUTP Regulations and Brokers Regulations by the Noticee, as specified in the SCN, does not stand established and the matter is accordingly disposed of without penalty.
Full text
Page 2 of 10 in such a manner that led to creation of artificial volumes in the scrip and was designed to create a false market leading to significant price movement in the scrip which lacked presence of any sort of fundamentals.
Page 3 of 10 Noticee under rule 4(1) of the Rules to show cause as to why an inquiry should not be held against the Noticee and penalty be not imposed on the Noticee under sections 15HA and 15 HB of SEBI Act for the alleged violation specified in the said SCN.
Page 4 of 10 registered with us by client agreement form we never offered any rate or make any souda as per our own price. • All transactions were made respective codes of clients only and none of the trades were done for other than client and as per rate reflected in C-Star (Terminal of CSEA) and souda were made as per instruction of client duly registered with us by client agreement form. We neither create any artificial price for client nor suggest any rate to them. Our work is only to execute the transaction of clients who are duly registered with us and rate as reflected in C-Star.
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Source: SecMarx — sebi:VSS/AO-139/2009. 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.