PRESS RELEASE - SEBI

 May 21, 2010
PR No. 125/2010

Consent Order in the matter of HSBC Investdirect Securities (India) Ltd.

A Panel consisting of Whole Time Members, SEBI, Dr. K. M. Abraham and Shri Prashant Saran, has passed consent order dated May 18, 2010 on an application submitted by HSBC Investdirect Securities (India) Ltd., in accordance with SEBI circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs.40,00,000/- (Rs. forty lakh only) towards settlement charges as terms of consent in the matter. SEBI has accepted the said terms of settlement and this consent order disposes of the enforcement action against HSBC Investdirect Securities (India) Ltd., Trading Member-BSE (SEBI Regn. Nos. INB/INF011328433) and NSE (SEBI Regn. Nos.lNB/INF231324238).
 
The order comes into force with immediate effect.

Mumbai

May 21, 2010

 


For full copy of order against HSBC INVESTDIRECT SECURITIES (INDIA) LTD., click here.

For full copy of order against HSBC INVESTDIRECT SECURITIES (INDIA) LTD., click here.