To
All Trading Members of the Exchange
Sub: Order under the provisions of Section 12A of the Securities Contracts (Regulation) Act, 1956 read with Sections 11(1), 11(2)(a), 11(2)(j), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 in the matter of NSE - Dark Fibre/Leased Line connectivity allowed to certain Stock Brokers by NSE.
SEBI, vide its Order no. WTM/SKM/EFD1-DRAIII/ 16 /2019-20 dated April 30, 2019 has inter-alia issued following directions:
- Directed Way2Wealth Brokers Private Limited (PAN: AAACW3290M) not to accept / induct / enroll any new client for a period of 1 year from the date of this order. Further, Noticee shall not undertake any trades on any stock exchange recognized by SEBI on proprietary account for a period of 2 years.
- Directed GKN Securities (PAN: AAHFG6629C) not to accept / induct / enroll any new client for a period of 1 year from the date of this order. Further, Noticee shall not undertake any trades on any stock exchange recognized by SEBI on proprietary account for a period of 2 year.
This Order shall come into force with immediate effect.
A copy of the said Order is attached herewith and also available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Shaila Valsan Fahad Kapadia
Manager Assistant Manager
Surveillance Surveillance
Date: April 30, 2019
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