PRESS RELEASE - SEBI
January 14, 1999
PR No. 15/1999

SUSPENSION OF DEVENDRA KUMAR TANDON
 
SECONDARY MARKET DEPT. – DBA-I

The Securities and Exchange Board of India (SEBI) has suspended Shri Devendra Kumar Tandon, member of Uttar Pradesh Stock Exchange (SEBI Reg. No. INB100348716) for a period of two months. He has been suspended in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 for not reporting of off-the-floor transactions, non segregation of clients’ funds with own funds and indulging in carry-forward transactions.
 
Shri Devendra Kumar Tandon, member of Uttar Pradesh Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from January 19, 1999 till March 18, 1999.