Appeal dismissed; broker breached duty, violated clause A(2) and Regulation 7; Section 15HB penalty upheld, no Section 15Z issue

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....SC dismissed the appeal, upholding the adjudicatory tribunal'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'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.....