sebi:WTM/MB/ISD/ISD_ISD/12408/2021-22
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Prima facie front-running found; Noticees restrained from buying, selling or dealing in securities market and directed to cease and desist till further directions, with bank accounts impounded to extent of prima facie proceeds and direction to deposit amounts in escrow.
Provisions invoked
- s. 19
- s. 27
- s. 36
- s. 37(1)
Regulations
- Reg. 3
- Reg. 4
- Reg. 7
- Reg. 2
- Reg. 20
Parties
- Ramnik Vira
- Bhavesh Gandhi
- Abhijeet Nandkumar Jain
- Meena Ramniklal Vira
- Harshal Vira
- Anish Bagadia
- Falguni Ketan Parekh
- Ketan Bharat Parekh
- Mukesh Parekh
- Rutul Rajeshbhai Shah
- Foram Bhavesh Gandhi
- Mukesh Jain
- Rahul Doshi
- Dhimant Himatlal Shah
- Labdhi Enterprise
Holding
Connected entities of RSL dealers Ramnik Vira, Bhavesh Gandhi and Abhijeet Jain prima facie front-ran orders of the Big Client in equity derivatives, violating PFUTP Regulations, warranting interim restraint, cease-and-desist and impounding/escrow directions.
Full text
_________________________________________________________________________________________________________________________ Confirmatory Order in the matter of Front Running Trading activity of Dealers of Reliance Securities Ltd. and other connected entities Page 1 of 75
__________________________________________________________________________________ Confirmatory Order in the matter of Front Running Trading activity of Dealers of Reliance Securities Ltd. and other connected entities Page 2 of 75
__________________________________________________________________________________ Confirmatory Order in the matter of Front Running Trading activity of Dealers of Reliance Securities Ltd. and other connected entities Page 3 of 75
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Source: SecMarx — sebi:WTM/MB/ISD/ISD_ISD/12408/2021-22. 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.