Sebi settles with individual case of alleged unfair trade practices
时间:2024-06-26 09:43:05 阅读(143)
Markets regulator Sebi has settled a case with an individual on payment of nearly Rs 46 lakh as settlement amount in relation to alleged violation of certain norms related to prohibition of unfair trade practices.
Sebi had received a complaint from Finsec Law Advisors alleging that Pawan N Agarwal and two others had violated certain provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations with respect to trades of its client Aequitas.
“Pursuant to the investigation, it was observed that Pawan N Agarwal… had mirrored certain trades of Aequitas and thereby violated the provisions… PFUTP Regulations,” the watchdog said while modifying a recent order through a corrigendum.
Earlier, it was alleged that the individual had violated provisions of PFUTP by engaging in front running/ mirror trading of trades.
The individual paid Rs 45,99,600 as the settlement amount.
Earlier, Sebi order had said the settlement amount was Rs 44,20,000 and the revised figure was mentioned in the corrigendum dated July 5. The order was passed on July 4.
A show cause notice was issued to the individual in April this year and in June, the individual filed a settlement application.
On payment of the settlement amount, the matter has been settled with the regulator.
(The stock recommendations in this story are by the respective research analysts and brokerage firms. FinancialExpress.com does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
下一篇:Will Nifty scale past key 21000 level in trade today- 9 things to know before the share market opens
猜你喜欢
- Congress sees red as Karti Chidambaram says ‘PM Modi more popular than Rahul Gandhi’
- Crude to trade sideways as Saudi Arabia raises prices; wait for range-bound activity to end before commencing medium positions
- Adani Power, Jindal Steel stocks likely to be added to MSCI indices in May, Reliance weightage to increase
- Will Nifty hit a new all time high above 21,600 or dip ahead- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Consumer sector IPOs
- Yogi Adityanath inaugurates Uttar Pradesh’s first intra-district helicopter route between Agra and Mathura! Here’s all you need to know
- Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time
- Yes Bank stock rating ‘Sell’- ICICI Securities downgrades Yes Bank shares, keeps target price unchanged
- Analyst Corner- Retain ‘hold’ on Dabur with new target price of Rs 580