https://www.taxtmi.com/caselaws?id=461774 The SC affirmed SEBI's penalty against a stockbroker for two key violations: (1) failing to settle client accounts within prescribed timeframes across 40 instances, and (2) misusing client funds by applying them to cover debit balances of other clients and related entities. The Tribunal rejected the appellant's arguments about technical difficulties and retrospective application, upholding the original penalty and emphasizing strict compliance with regulatory circulars. en-us Thu, 21 Oct 2021 00:00:00 +0530 Mon, 28 Apr 2025 19:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461774 The SC affirmed SEBI's penalty against a stockbroker for two key violations: (1) failing to settle client accounts within prescribed timeframes across 40 instances, and (2) misusing client funds by applying them to cover debit balances of other clients and related entities. The Tribunal rejected the appellant's arguments about technical difficulties and retrospective application, upholding the original penalty and emphasizing strict compliance with regulatory circulars. Case-Laws SEBI Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461774