Mr. Ashok Daswani

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Upheld 7-year market restraint and 7-year bar on directorship/association with SEBI entity
Upheld direction to replenish BSE and NSE IPF and compensate investors, with further 10-year restraint on default

SAT-appeal

Misuse of client funds and securities, failure to deliver funds/securities, non-maintenance of records and failure to redress investor grievances by broker Sunchan.
Appeal No. 248 of 2014 and Appeal No. 250 of 2014 dismissed with no order as to costs · WTM order dated 23 April 2014 upheld including 7-year restraint plus 10-year additional restraint on non-payment
Appeal: Appeal No. 248 of 2014 and Appeal No. 250 of 2014 disposed and dismissed on 29.12.2016
Misuse of client funds and securities, failure to deliver funds/securities, non-maintenance of records and disproportionate client exposure by broker Sunchan
Appeal No.248 of 2014 and Appeal No.250 of 2014 dismissed with no order as to costs · Upheld 7-year market restraint and 7-year bar on directorship/association with SEBI entity
Appeal: Appeal No.248 of 2014 and Appeal No.250 of 2014 dismissed by SAT common order dated 29.12.2016

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Source: SecMarx — Mr. Ashok Daswani. 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.