https://www.taxtmi.com/caselaws?id=784248 Breach of a SEBI circular on pre-trade and post-trade confirmations did not, by itself, fasten civil liability on a stockbroker for F&O losses where clients had authorised trading, received trade communications, and failed to object promptly. The circular was treated as a regulatory safeguard, not a rule automatically shifting trading losses to the broker. Compensation also required proof of actual loss; an award of half the claimed amount, made without proper enquiry or quantification, was held unsustainable as irrational, contrary to contract law principles, and tainted by patent illegality. The awards and IGRC order were therefore set aside. en-us Wed, 24 Dec 2025 00:00:00 +0530 Thu, 01 Jan 2026 08:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784248 Breach of a SEBI circular on pre-trade and post-trade confirmations did not, by itself, fasten civil liability on a stockbroker for F&O losses where clients had authorised trading, received trade communications, and failed to object promptly. The circular was treated as a regulatory safeguard, not a rule automatically shifting trading losses to the broker. Compensation also required proof of actual loss; an award of half the claimed amount, made without proper enquiry or quantification, was held unsustainable as irrational, contrary to contract law principles, and tainted by patent illegality. The awards and IGRC order were therefore set aside. Case-Laws SEBI Wed, 24 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784248