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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
PERIOD COVERED : 01-JAN-1997 TO 21-NOV-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: DIRECTED TO DEPOSIT RS.4.9 CRORES ALONG WITH INTEREST @ 12% P.A. FROM 11/09/2015 TILL ACTUAL DATE OF PAYMENT TO IPEF WITHIN 45 DAYS FROM DATE OF THIS ORDER

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person GKN SECURITIES

(PAN:AAHFG6629C)  

(Member : NSE)
  DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED W2W TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY  DIRECTED TO DEPOSIT RS.4.9 CRORES ALONG WITH INTEREST @ 12% P.A. FROM 11/09/2015 TILL ACTUAL DATE OF PAYMENT TO IPEF WITHIN 45 DAYS FROM DATE OF THIS ORDER

DIRECTED NOT TO ACCEPT/INDUCT/ENROL ANY NEW CLIENT FROM 30-APR-2019 TO 29-APR-2020

30-APR-2019 		SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED WAY2WEALTH BROKERS PVT.LTD. TO CLOSE/SETTLE/SQUARE UP ITS EXISTING OPEN POSITIONS IN FUTURES & OPTIONS AND CURRENCY DERIVATIVES SEGMENTS ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER, IN TERMS OF THE CONTRACT

SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL AND QUASHING DIRECTIONS DISGORGE AMOUNT OF RS.4.9 CRORE. AFFIRMED DIRECTION OF WTM RESTRAINING FROM ACCEPTING, INDUCING OR ENROLLING ANY NEW CLIENT FOR ONE YEAR AND NOT TO UNDERTAKE ANY TRADE IN ITS PROPRIETARY ACCOUNT FOR TWO YEARS. DIRECTED TO SEBI REFUND RS.2.5 CRORE ALONG WITH ACCRUED INTEREST WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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