Stock brokers face regulatory liability for breaches including excess brokerage, unregistered trading, market manipulation and non cooperation. Stock brokers are subject to liability under securities laws for contraventions of the Act, its rules and Board-issued guidelines. Action may be taken for breaches such as excess brokerage, trading without registration, trading outside recognised exchanges, market manipulation, loss of exchange membership or defaulter status. Obligations include complying with Board directions, cooperating with inspection and investigation authorities, producing books and information, appearing and answering questions, signing examination notes, filing returns, furnishing documents within prescribed timeframes, and paying penalties or complying with adjudicating officer orders.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Stock brokers face regulatory liability for breaches including excess brokerage, unregistered trading, market manipulation and non cooperation.
Stock brokers are subject to liability under securities laws for contraventions of the Act, its rules and Board-issued guidelines. Action may be taken for breaches such as excess brokerage, trading without registration, trading outside recognised exchanges, market manipulation, loss of exchange membership or defaulter status. Obligations include complying with Board directions, cooperating with inspection and investigation authorities, producing books and information, appearing and answering questions, signing examination notes, filing returns, furnishing documents within prescribed timeframes, and paying penalties or complying with adjudicating officer orders.
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