PRESS RELEASE - SEBI
 |
|
January 13, 2006
PR No.
24/2006
SEBI issues warning to eight stock brokers
Securities and Exchange Board of India (SEBI) has passed eight orders against the following brokers:
|
Sr.
No.
|
Name
of the broker
|
SEBI
Regn. No.
|
Exchange
|
Date
of Order
|
|
1
|
M/s.
Accord Capital Markets Ltd.
|
INB230776837
|
NSE
|
05/01/2006
|
|
2
|
M/s.
Anish Securities Ltd.
|
INB080959318
|
BSE
|
05/01/2006
|
|
3
|
M/s.
Junjharji Investments Pvt.
Ltd.
|
INB230784134
|
NSE
|
05/01/2006
|
|
4
|
M/s.
R. M. Share Trading Pvt.Ltd.
|
INB011044436
|
BSE
|
05/01/2006
|
|
5
|
M/s.
Master Capital Services Ltd.
|
INB230643634
|
NSE
|
06/01/2006
|
|
6
|
M/s.
MLR Securities Pvt. Ltd.
|
INB010985433
|
BSE
|
06/01/2006
|
|
7
|
M/s.
Insight Share Broker Pvt. Ltd.
|
INB230947033
|
NSE
|
06/01/2006
|
|
8
|
M/s.
SVV Shares and
Stock
Brokers Pvt. Ltd.
|
INB010991632
|
BSE
|
06/01/2006
|
The orders have been passed by Shri Madhukar, Whole Time Member, SEBI, against the above mentioned brokers for non segregation of client funds from own funds, delay in payment of funds and delivery of securities, certain irregularities in the issuance of contract notes, some procedural deficiencies in client registration forms, not having written code of internal procedure for prevention of insider trading, acceptance of cash from clients, failed to collect margin from clients etc.
Mumbai
January 13, 2006
|
For full copy of order against ACCORD CAPITAL MARKETS LTD., click here.
For full copy of order against ANISH SECURITIES LTD., click here.
For full copy of order against INSIGHT SHARE BROKERS PVT.LTD., click here.
For full copy of order against JUNJHARJI INVESTMENT PVT.LTD., click here.
For full copy of order against MASTER CAPITAL SERVICES LTD., click here.
For full copy of order against MLR SECURITIES PVT.LTD., click here.
For full copy of order against R.M.SHARES TRADING PVT.LTD., click here.
For full copy of order against SVV SHARE & STOCK BROKERS PVT.LTD., click here.
