https://www.taxtmi.com/caselaws?id=773781 SEBI found that the stock broker breached obligations on segregation of client funds, settlement of funds and securities, margin reporting, and client registration compliance, because transfers from client accounts to proprietary accounts lacked documentary support and the explanations of technical glitches or clerical errors did not excuse the contraventions. The alleged lapses in stock reconciliation and email or mobile verification were not established. Although the breaches were procedural, no client loss or misuse of funds was shown and corrective steps had been taken, so regulatory censure was treated as a proportionate enforcement response and upheld. en-us Tue, 24 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 12:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773781 SEBI found that the stock broker breached obligations on segregation of client funds, settlement of funds and securities, margin reporting, and client registration compliance, because transfers from client accounts to proprietary accounts lacked documentary support and the explanations of technical glitches or clerical errors did not excuse the contraventions. The alleged lapses in stock reconciliation and email or mobile verification were not established. Although the breaches were procedural, no client loss or misuse of funds was shown and corrective steps had been taken, so regulatory censure was treated as a proportionate enforcement response and upheld. Case-Laws SEBI Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773781