sebi:WTM/SKM/EFD1-DRA-III/05/2018-19
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Warning issued to the Noticee
Provisions invoked
- s. 11B
- s. 19
Regulations
- Reg. 7
- Reg. 3
- Reg. 4(a)
- Reg. 28(2)
- Reg. 28
- Reg. 24
- Reg. 28(1)
- Reg. 24(1)
Parties
- Wallfort Shares and Stock Brokers Pvt. Ltd.
Holding
The Noticee was held accountable for not exercising due skill, care, diligence and promptitude while placing orders in the scrip of Divine Entertainment Ltd., in violation of the Code of Conduct under Schedule II of the Stock Broker Regulations, but the allegations of violating PFUTP Regulations were not sustained. A warning was issued as the appropriate penalty.
Full text
_____________________________________________________________________________________ Order in respect of Wallfort Shares and Stock Brokers Pvt. Ltd. in the matter of Divine Entertainment Ltd. Page 2 of 11
_____________________________________________________________________________________ Order in respect of Wallfort Shares and Stock Brokers Pvt. Ltd. in the matter of Divine Entertainment Ltd. Page 3 of 11
_____________________________________________________________________________________ Order in respect of Wallfort Shares and Stock Brokers Pvt. Ltd. in the matter of Divine Entertainment Ltd. Page 4 of 11
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Source: SecMarx — sebi:WTM/SKM/EFD1-DRA-III/05/2018-19. 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.