Sebi has barred SVS Securities from dealing in capital market for a period of one year for failing to exercise due care and diligence as a stock broker with respect to transactions in shares of Harita Seating Systems.
Securities and Exchange Board of India (Sebi) noted that SVS Securities had failed to exercise due skill, care and diligence regarding transactions executed by its sub-broker, Aquarian Share Broker Co, through it on behalf of certain related clients in Harita's shares.
In an order dated March 27, Sebi barred SVS Securities "from accessing the securities market and also prohibit it from buying, selling and otherwise dealing in securities market, directly or indirectly, in any manner whatsoever, for a period of one year from the date of this order."
Securities and Exchange Board of India (Sebi) noted that SVS Securities had failed to exercise due skill, care and diligence regarding transactions executed by its sub-broker, Aquarian Share Broker Co, through it on behalf of certain related clients in Harita's shares.
In an order dated March 27, Sebi barred SVS Securities "from accessing the securities market and also prohibit it from buying, selling and otherwise dealing in securities market, directly or indirectly, in any manner whatsoever, for a period of one year from the date of this order."