2010 (1) TMI 1254

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....ed Representative For The Respondent : Mr. Shiraz Rustomjee, Advocate with Ms. Daya Gupta, Advocate Per : Justice N. K. Sodhi, Presiding Officer (Oral) The appellant before us is a stock broker registered with the Securities and Exchange Board of India (for short the Board). It is alleged to have executed circular and reverse trades while trading on behalf of its client. It is not in disp....

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....llant and its client and they were both found guilty of synchronizing the trades and for executing circular and reverse trades. The adjudicating officer imposed a monetary penalty on both. The client Chaitanya Raote came up in Appeal no. 263 of 2009 and we upheld the order of the adjudicating officer and the findings recorded by him to the effect that the appellant therein through his broker (the ....