sebi:WTM/AN/ISD/ISD-SEC-5/29882/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Interim directions confirmed and continued pending further proceedings
Provisions invoked
- s. 19
Regulations
- Reg. 3
Parties
- Ashish S Parekh
- Nagendra S Dubey
- Chirag Atul Pithadia
- Nagendra S Dubey HUF
- Sushma Nagendra Dubey
- Jagruti Atul Pithadia
- Sahil Atul Pithadia
Holding
The prima facie finding of front running of the Big Client's equity derivative orders by the Dealer and connected Front Runners through Information Carriers was sustained and the interim restraints including impounding of alleged wrongful gains were confirmed.
Full text
__________________________________________________________________________________ Confirmatory Order in the matter of Front Running Activity by Dealer - Ashish S Parekh and Connected Entities Page 2 of 45
__________________________________________________________________________________ Confirmatory Order in the matter of Front Running Activity by Dealer - Ashish S Parekh and Connected Entities Page 3 of 45
__________________________________________________________________________________ Confirmatory Order in the matter of Front Running Activity by Dealer - Ashish S Parekh and Connected Entities Page 4 of 45
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Source: SecMarx — sebi:WTM/AN/ISD/ISD-SEC-5/29882/2023-24. 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.