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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – CONSENT ORDERS/ PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS
PERIOD COVERED : 30-OCT-2007 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: DID NOT OBTAIN PRIOR PERMISSION FROM SEBI FOR CHANGE IN FIRM'S/COMPANY'S CONSTITUTION

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

(Member : LSE)
  ALLEGED FAILURE IN MAINTAINING HIGH STANDARDS OF INTEGRITY, PROMPTITUDE AND FAIRNESS IN CONDUCT OF BUSINESS AND DID NOT ACT WITH DUE SKILL, CARE AND DILIGENCE

ALLEGED PORTRAYAL OF NEGATIVE AND BEARISH OUTLOOK OF MARKET TO ITS CLIENTS

ALLEGED LARGE SCALE UNAUTHORIZED DISTRIBUTION OF TERMINALS

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED FAILURE IN EXERCISING DUE CAUTION WHILE EXECUTING LARGE ORDERS ON BEHALF OF CLIENT

ALLEGED PROPRIETARY TRADING FROM MORE THAN ONE LOCATION

ALLEGED UNAUTHORIZED PERSONS OPERATING PROPRIETARY ACCOUNT ACTIVATED TERMINALS

ALLEGED UNAUTHORIZED DIVERSION OF BROKERAGE INCOME

ALLEGED DEALING THROUGH MORE THAN ONE BROKER AND NOT REPORTED OFF-THE-FLOOR TRANSACTIONS TO EXCHANGE

ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS

ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS

ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES

ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

ALLEGED PLACING OF ADVERTISEMENTS IN NEWSPAPERS SOLICITING BUSINESS

ALLEGED CHANGE OF CONSTITUTION WITHOUT PRIOR PERMISSION FROM SEBI

ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS

ALLEGED DEALING WITH SUB BROKERS NOT HAVING GOOD FINANCIAL STANDING

ALLEGED IRREGULARITIES IN ISSUE OF PREFERENCE SHARE CAPITAL

ALLEGED NON-MAINTENANCE OF GENERAL CORRESPONDENCE FILE  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)

08-AUG-2008
2 
History of entity/person SMC GLOBAL SECURITIES LTD.  

(Member : OTC)
  ALLEGED FAILURE IN MAINTAINING HIGH STANDARDS OF INTEGRITY, PROMPTITUDE AND FAIRNESS IN CONDUCT OF BUSINESS AND DID NOT ACT WITH DUE SKILL, CARE AND DILIGENCE

ALLEGED PORTRAYAL OF NEGATIVE AND BEARISH OUTLOOK OF MARKET TO ITS CLIENTS

ALLEGED LARGE SCALE UNAUTHORIZED DISTRIBUTION OF TERMINALS

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED FAILURE IN EXERCISING DUE CAUTION WHILE EXECUTING LARGE ORDERS ON BEHALF OF CLIENT

ALLEGED PROPRIETARY TRADING FROM MORE THAN ONE LOCATION

ALLEGED UNAUTHORIZED PERSONS OPERATING PROPRIETARY ACCOUNT ACTIVATED TERMINALS

ALLEGED UNAUTHORIZED DIVERSION OF BROKERAGE INCOME

ALLEGED DEALING THROUGH MORE THAN ONE BROKER AND NOT REPORTED OFF-THE-FLOOR TRANSACTIONS TO EXCHANGE

ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS

ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS

ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES

ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

ALLEGED PLACING OF ADVERTISEMENTS IN NEWSPAPERS SOLICITING BUSINESS

ALLEGED CHANGE OF CONSTITUTION WITHOUT PRIOR PERMISSION FROM SEBI

ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS

ALLEGED DEALING WITH SUB BROKERS NOT HAVING GOOD FINANCIAL STANDING

ALLEGED IRREGULARITIES IN ISSUE OF PREFERENCE SHARE CAPITAL

ALLEGED NON-MAINTENANCE OF GENERAL CORRESPONDENCE FILE  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)

08-AUG-2008
3 
History of entity/person SMC GLOBAL SECURITIES LTD.  

(Member : NSE)
  ALLEGED FAILURE IN MAINTAINING HIGH STANDARDS OF INTEGRITY, PROMPTITUDE AND FAIRNESS IN CONDUCT OF BUSINESS AND DID NOT ACT WITH DUE SKILL, CARE AND DILIGENCE

ALLEGED PORTRAYAL OF NEGATIVE AND BEARISH OUTLOOK OF MARKET TO ITS CLIENTS

ALLEGED LARGE SCALE UNAUTHORIZED DISTRIBUTION OF TERMINALS

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED FAILURE IN EXERCISING DUE CAUTION WHILE EXECUTING LARGE ORDERS ON BEHALF OF CLIENT

ALLEGED PROPRIETARY TRADING FROM MORE THAN ONE LOCATION

ALLEGED UNAUTHORIZED PERSONS OPERATING PROPRIETARY ACCOUNT ACTIVATED TERMINALS

ALLEGED UNAUTHORIZED DIVERSION OF BROKERAGE INCOME

ALLEGED DEALING THROUGH MORE THAN ONE BROKER AND NOT REPORTED OFF-THE-FLOOR TRANSACTIONS TO EXCHANGE

ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS

ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS

ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES

ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

ALLEGED PLACING OF ADVERTISEMENTS IN NEWSPAPERS SOLICITING BUSINESS

ALLEGED CHANGE OF CONSTITUTION WITHOUT PRIOR PERMISSION FROM SEBI

ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS

ALLEGED DEALING WITH SUB BROKERS NOT HAVING GOOD FINANCIAL STANDING

ALLEGED IRREGULARITIES IN ISSUE OF PREFERENCE SHARE CAPITAL

ALLEGED NON-MAINTENANCE OF GENERAL CORRESPONDENCE FILE  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)

08-AUG-2008
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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