sebi:WTM/MSS/MIRSD/50/2010
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Facts / Headnote
Proceedings initiated vide Order dated August 11, 2005 against the two stock brokers disposed of
Provisions invoked
- s. 19
Regulations
- Reg. 33B
Parties
- two stock brokers
Holding
The proceedings initiated against the two stock brokers by order dated August 11, 2005 are disposed of. The disposal does not preclude actions already taken or other proceedings pending or to be taken in future by SEBI against these erstwhile brokers.
Full text
5. I, therefore, in exercise of the powers conferred upon me under Section 19 of the SEBI Act, 1992 read with Regulation 33B (5) and (6) of the SEBI (Intermediaries) Regulations, 2008, hereby dispose of the proceedings initiated vide Order dated August 11, 2005 against the said two stock brokers. However, this order does not preclude the actions taken or any other proceedings pending / to be taken in future by SEBI against these erstwhile brokers.
6. A copy of the order shall be served on the stock exchanges of which these two stock brokers were members. 7. This Order shall come into force with immediate effect.
DATE: 27/4/2010 M. S. SAHOO PLACE: MUMBAI WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA
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Source: SecMarx — sebi:WTM/MSS/MIRSD/50/2010. 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.