sebi:VSS/AO-176/2009
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Facts / Headnote
Charges not established; matter disposed of without penalty
Provisions invoked
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 4(1)
Parties
- Integrated Master Securities Pvt. Ltd.
Holding
The alleged violations of PFUTP Regulations and Brokers Regulations by Integrated Master Securities Pvt. Ltd. as specified in the SCN were not established and the matter was accordingly disposed of without penalty.
Full text
Page 2 of 13 had indulged in synchronization of deals/circular trading in the shares of these scrips in such a manner that led to creation of artificial volumes and impacted the price of these scrips. The entities found to have been involved in the alleged manipulation and against whom action was initiated are as under:-
Page 3 of 13 and Finance (P) Ltd. (hereinafter referred to as ‘Ahimsa/Client’) had violated the provisions of regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e), 4(2)(g) and 4(2)(n) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Markets) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”) and clauses A(1), A(2), A(3), A(4) and A(5) of Code of Conduct for Stock Brokers as specified in Schedule II read with regulation 7 of SEBI (Stock Brokers and Sub Brokers) Regulations (hereinafter referred to as “Brokers Regulations”), and therefore, liable for monetary penalty under sections 15HA and 15 HB of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”).
Page 4 of 13 on the Noticee under sections 15HA and 15 HB of SEBI Act for the alleged violation specified in the said SCN.
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Source: SecMarx — sebi:VSS/AO-176/2009. 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.