https://www.taxtmi.com/caselaws?id=464714 Stock broker regulatory violations were proved, but the Tribunal held that suspension for four months was excessive because the inspection related to an earlier period, the enquiry and show-cause process were substantially delayed, comparable cases had attracted only warnings or lesser measures, and the broker had taken corrective steps. It further noted that the sanction should not cripple the broker's business where a minor penalty would meet the regulatory purpose. The suspension was therefore set aside and replaced with a strong warning as the appropriate penalty under the penalty regulations. en-us Wed, 20 Oct 2004 00:00:00 +0530 Tue, 11 Nov 2025 17:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464714 Stock broker regulatory violations were proved, but the Tribunal held that suspension for four months was excessive because the inspection related to an earlier period, the enquiry and show-cause process were substantially delayed, comparable cases had attracted only warnings or lesser measures, and the broker had taken corrective steps. It further noted that the sanction should not cripple the broker's business where a minor penalty would meet the regulatory purpose. The suspension was therefore set aside and replaced with a strong warning as the appropriate penalty under the penalty regulations. Case-Laws SEBI Wed, 20 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464714