sebi:WTM/SR/ID-3/EFD-DRA-III/117/06/2015
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Facts / Headnote
Warning issued to Hardik Pandya, Falguni Thakkar and Shalin Parikh; benefit of doubt given to Spectrum Chemicals; charges not established against Spectrum Chemicals
Provisions invoked
- s. 11
- s. 19
Regulations
- Reg. 11
- Reg. 3
Parties
- Spectrum Chemicals Pvt. Ltd.
- Mr. Hardik Maheshbhai Pandya
- Ms. Falguni Chirag Thakkar
- Mr. Shalin Kiritkumar Parikh
Holding
The WTM warned Hardik Pandya, Falguni Thakkar and Shalin Parikh to be cautious in future dealings, and gave benefit of doubt to Spectrum Chemicals as the charge against it was not clearly established.
Full text
Page 2 of 15 scrip fell sharply to close at `21.5/- on March 27, 2008. It was also noted that there were no major corporate announcements during the said periods.
Page 3 of 15 so that their trades do not compromise market integrity in any manner. Adjudicating proceedings were initiated against one of the entities, viz. Arcadia Share & Stock Brokers Pvt. Ltd.
Page 4 of 15 investigation in the scrip of Crazy Infotech during the Investigation Period –II (i.e January 1, 2008 to June 30, 2008). It was observed that,
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Source: SecMarx — sebi:WTM/SR/ID-3/EFD-DRA-III/117/06/2015. 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.