Home
PRESS RELEASE - SEBI

January 19, 2006
PR No. 39/2006

Censure / warning issued to 14 brokers

Securities and Exchange Board of India (SEBI) has passed fourteen orders against the following brokers:
 

Sr. No.

Name of the broker

SEBI Regn. No.

Exchange

Date of Order

Order

1

M/s. GCM Securities Ltd.

INB230793439

NSE

12/01/2006

Censure

2

M/s. Shubham & Co.

INB100378618

UPSE

12/01/2006

Warning

3

M/s. Arcadia Shares & Stock Brokers Pvt. Ltd.

INB230778238

NSE

12/01/2006

Warning

4

M/s. JHP Securities Pvt Ltd.

INB010990036

BSE

12/01/2006

Censure

5

M/s. UTI Securites Ltd.

INB230639237

NSE

12/01/2006

Warning

6

M/s. Lalkar Securities Pvt. Ltd.

INB010991133

BSE

12/01/2006

Warning

7

M/s. Hem Securities Ltd.

INB011069953

BSE

12/01/2006

Censure

8

M/s. Fortune Equity Brokers (I) Ltd.

INB230653830

NSE

13/01/2006

Censure

9

M/s. Bhuwalka & Sons

INB030510318

CSE

13/01/2006

Warning

10

M/s.Multiplex Capital Ltd.

INB230783732

NSE

13/01/2006

Censure

11

M/s. Sunidhi Consultancy Services Pvt. Ltd.

INB230676436

NSE

13/01/2006

Warning

12

M/s. Mangal Keshav Securities Ltd.

INB230977432 & INB010977431

NSE

&

BSE

13/01/2006

Censure

13

M/s. Liquid Investments and Financial Services ( India ) Pvt. Ltd.

INB230778737

NSE

13/01/2006

Warning

14

M/s. Latin Manharlal Securities Pvt. Ltd.

INB011072056

BSE

13/01/2006

Warning

The orders have been passed by Shri Madhukar, Whole Time Member, SEBI, against the above mentioned brokers for dealing with unregistered sub-broker, 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, non appointment of compliance officer, acceptance of cash from clients, failed to collect requisite margin from clients etc.
 
 
Mumbai

January 19, 2006

 

For full copy of order against ARCADIA SHARE & STOCK BROKERS PVT.LTD., click here.

For full copy of order against BHUWALKA & SONS, click here.

For full copy of order against FORTUNE EQUITY BROKERS (INDIA) LTD., click here.

For full copy of order against GCM SECURITIES LTD., click here.

For full copy of order against HEM SECURITIES LTD., click here.

For full copy of order against JHP SECURITIES PVT.LTD., click here.

For full copy of order against LALKAR SECURITIES PVT.LTD., click here.

For full copy of order against LATIN MANHARLAL SECURITIES PVT.LTD., click here.

For full copy of order against LIQUID INVESTMENTS & FINANCIAL SERVICES PVT.LTD., click here.

For full copy of order against MANGAL KESHAV SECURITIES LTD., click here.

For full copy of order against MANGAL KESHAV SECURITIES LTD., click here.

For full copy of order against MULTIPLEX CAPITAL LTD., click here.

For full copy of order against SHUBHAM & CO., click here.

For full copy of order against STANDARD CHARTERED-STCI CAPITAL MARKETS LTD., click here.

For full copy of order against SUNIDHI CONSULTANCY SERVICES LTD., click here.
 
Back