To
All Trading Members of the Exchanges
Sub: Final Order in the matter of Front Running Trading activity of Dealers of Reliance Securities Ltd. and other connected entities.
In continuation to the Exchange Notice No. 20200810-61 dated August 10,2020 and 20210630-51 dated June 30,2021 on the captioned matter.
SEBI vide its order no. WTM/SM/IVD/ID15/23243/2022-23 dated January 30, 2023, has inter-alia issued following direction:
- Noticees except Mr. Abhijeet Jain, are hereby restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in any manner whatsoever manner, for the period a period of four years.
· It is hereby clarified that while calculating the period of debarment as directed above, the period already undergone by the respective Noticees, in pursuance of the Interim Order shall be taken into consideration and the same shall be set-off to give effect to the directions of restraint and prohibition as directed above.
· The proceedings qua Mr. Abhijeet Jain is disposed of in terms of the observations made at paragraph number 42 above.
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Jeevan Noronha Shubham Benere
Regulatory Correspondence Regulatory Correspondence
Date: January 30, 2023 |