sebi:WTM/VKC/MIRSD/7/09/06
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Facts / Headnote
Minor penalty of suspension of registration for a period of 15 days
Provisions invoked
- s. 19
- s. 12
Regulations
- Reg. 13(4)
- Reg. 13(2)
- Reg. 5
- Reg. 17(1)
- Reg. 17(1)(g)
- Reg. 18A
- Reg. 6(1)
Parties
- M/s. Malay Investment & Financial Services Pvt. Ltd.
Holding
The Whole Time Member imposed a minor penalty of suspension of registration for 15 days on M/s. Malay Investment & Financial Services Pvt. Ltd., member UPSE, for executing off-the-floor transactions in violation of SEBI Circular dated 14.09.1999, while taking a lenient view on other record-keeping charges.
Full text
APPEARANCE : FOR NOTICEE : No one appeared but filed written submissions FOR SEBI : Shri P. K. Kuriachen, General Manager
2.2 A show cause notice dated 15.03.2004 in terms of Regulation 6(1) of the said Regulations was issued to the broker. The broker vide its letter dated 29.06.2004 submitted its written reply. 2.3 As per the request of the broker, an opportunity of personal hearing was given to the broker by the EO on 30.07.2004 which was availed by the broker, who made oral submissions reiterating the written submissions. Further, vide letter dated 06.08.2004, the broker submitted copies of few documents in support of his
4.0 Consideration of issues 4.1 I have carefully examined the facts and circumstances of the case, the inspection report, the Enquiry Report and the submissions of the broker thereto and my
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Source: SecMarx — sebi:WTM/VKC/MIRSD/7/09/06. 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.