sebi:WTM/ASB/IVD/ID11/30014/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 12A
- s. 15H
- s. 15J
- s. 15F
Regulations
- Reg. 6
- Reg. 3(a)
Parties
- Kishan Vishram Nanda
- Kishan Vishram Nanda HUF
- Sumitra Vishram Nanda
- Vishram Purshottam Nanda HUF
- Prafulla Kisan Nanda
- Vijay Vishram Nanda HUF
- Leena Vijay Nanda
- Rahul Narottam Nanda
Holding
On Issue I, it was found that Kishan Vishram Nanda (Noticee 1) effected trades through the trading accounts of Noticees 2 to 8. The accounts of the six family members/HUFs were used as mule/proxy accounts to front-run impending trade orders of Sanctum PMS.
Full text
Order in the Matter of Front-Running of the Trades of Sanctum Wealth Management Private Limited (now known as Sanctum Wealth Private Limited)
Order in the Matter of Front-Running of the Trades of Sanctum Wealth Management Private Limited (now known as Sanctum Wealth Private Limited)
Order in the Matter of Front-Running of the Trades of Sanctum Wealth Management Private Limited (now known as Sanctum Wealth Private Limited)
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Source: SecMarx — sebi:WTM/ASB/IVD/ID11/30014/2023-24. 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.