SEBI Act 1992 Archives

securities fraud case against Karvy's former CEO

Bombay HC upholds Special Judge’s order rejecting discharge application of Karvy Stock Broking’s former CEO in securities fraud case

Karvy Stock Broking, a registered stockbroker and Depository Participant, and its CEO faced allegations of pledging and misusing securities and funds of its clients and had allegedly acted in violation of various circulars issued by Securities Exchange Board of India.

Case Briefs Tribunals/Commissions/Regulatory Bodies

SEBI restrains JS Group from accessing securities market; prohibits buying/selling/dealing in Securities

“The series of trades executed by Jane Street Group demonstrates a pattern which, when viewed in its totality, indicates a prima facie intent to take unfair and undue advantage of the market structure and sentiments prevailing at the time.”