JHP Securities Pvt. Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalties of Rs. 6,00,000 under Section 15HA and Rs. 2,00,000 under Section 15HB upheld

SAT-appeal

Alleged participation, through six connected clients and an employee, in synchronized, circular and reversal trades in Gemstone Investment Ltd. shares to manipulate price and volume, and breach of the stock-broker Code of Conduct.
Appeal dismissed · Penalties of Rs. 6,00,000 under Section 15HA and Rs. 2,00,000 under Section 15HB upheld
Appeal: Appeal No. 11 of 2013, heard 19 September 2014 and decided 14 October 2014; appeal dismissed.
Allegedly acted as conduit with sub-broker J.I.P. Investments to siphon Niskalp funds to J.E. Talaulicar via inflated Tata Finance share deal and delayed payments, violating broker Code of Conduct.
WTM had suspended certificate of registration for one month on 11 May 2012 (impugned) · SAT held non-supply of Talaulicar submissions going to root vitiated order; full operative part truncated in text
Appeal: Appeal No. 121 of 2012 decided on 7 August 2012

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Source: SecMarx — JHP Securities Pvt. Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.