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    <title>Appeal dismissed; broker breached duty, violated clause A(2) and Regulation 7; Section 15HB penalty upheld, no Section 15Z issue</title>
    <link>https://www.taxtmi.com/highlights?id=94152</link>
    <description>SC dismissed the appeal, upholding the adjudicatory tribunal&#039;s finding that the broker breached his duty to exercise due skill, care and diligence and contravened clause A(2) of the Code of Conduct in Schedule II read with Regulation 7 of the SEBI Regulations, 1992 by executing synchronized and self-trades. The tribunal&#039;s imposition of monetary penalty under Section 15HB of the SEBI Act was affirmed as proportionate and warranted given the straightforward market-manipulative nature of self-trades and the regulatory obligation on brokers to monitor client activity on internet-based trading platforms. The Court held no substantial question of law under Section 15Z was involved, and therefore dismissed the appeal.</description>
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    <pubDate>Fri, 14 Nov 2025 09:42:55 +0530</pubDate>
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      <title>Appeal dismissed; broker breached duty, violated clause A(2) and Regulation 7; Section 15HB penalty upheld, no Section 15Z issue</title>
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      <description>SC dismissed the appeal, upholding the adjudicatory tribunal&#039;s finding that the broker breached his duty to exercise due skill, care and diligence and contravened clause A(2) of the Code of Conduct in Schedule II read with Regulation 7 of the SEBI Regulations, 1992 by executing synchronized and self-trades. The tribunal&#039;s imposition of monetary penalty under Section 15HB of the SEBI Act was affirmed as proportionate and warranted given the straightforward market-manipulative nature of self-trades and the regulatory obligation on brokers to monitor client activity on internet-based trading platforms. The Court held no substantial question of law under Section 15Z was involved, and therefore dismissed the appeal.</description>
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      <pubDate>Fri, 14 Nov 2025 09:42:55 +0530</pubDate>
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