Markets regulator Sebi has settled a case with an individual on payment of nearly Rs 46 lakh as settlement amount in relation to alleged violation of certain norms related to prohibition of unfair trade practices. Sebi had received a complaint from Finsec Law Advisors alleging that Pawan N Agarwal and two others had violated certain provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations with respect to trades of its client Aequitas. Aequitas is a Mumbai-based boutique investment firm. "Pursuant to the investigation, it was observed that Pawan N Agarwal... had mirrored certain trades of Aequitas and thereby violated the provisions... PFUTP Regulations," the watchdog said while modifying a recent order through a corrigendum. Earlier, it was alleged that the individual had violated provisions of PFUTP by engaging in front running/ mirror trading of trades. The individual paid Rs 45,99,600 as the settlement amount. Earlier, Sebi order had said the ...
But examine countries covered and claim settlement mode
This facility will empower MSMEs to manage unwarranted situations arising from any mishaps
Sun Pharma said has disputed the claims of the plaintiffs and defended these matters vigorously
The insurer has plans to provide the customers with services in these challenging times wherein Covid-19 is already a significant issue and the cyclone has only made matters worse
Ulip is a product which combines the benefits of investment and protection
The insurer rejected the claim citing delay in intimation. The Commission rejected this argument