PRESS RELEASE - SEBI
June 19, 2002
PR No. 119/2002

ACTION AGAINST THE BROKER

The Securities and Exchange Board of India (SEBI) has suspended Shri T. S. Thapar, member of Ludhiana Stock Exchange (SEBI Reg. No. INB120704413) for a period of two months or till the payment of balance SEBI fees, whichever is later. The penalty is imposed for not reporting off-the-floor transactions to the Stock Exchange and not maintaining clear segregation between clients' fund and own funds. 

Shri T. S. Thapar, member of Ludhiana Stock Exchange will not be entitled to carry on the business as a Stock Broker with effect from June 10, 2002 till August 09, 2002 or till payment of balance SEBI fees, whichever is later.