SEBI issues warning to four brokers / sub-brokers
Securities and Exchange Board of India (SEBI) has passed orders dated December 28, 2005, warning M/s. Atul Manharlal Choksi (SEBI Regn. No. INB020124619), Member of Ahmedabad Stock Exchange, M/s. A. A. Doshi Share & Stock Brokers Ltd. (SEBI Regn. No. INB010639634), Member of Ahmedabad Stock Exchange, Shri Mukesh P. Doshi, a sub-broker affiliated to SKSE Securities Ltd. (SEBI Regn. No. INS010573819), Member of Bombay Stock Exchange Ltd., Mumbai and M/s. Raj Overseas & Finance Pvt. Ltd., a sub-broker affiliated to ISE Securities & Services Ltd. (SEBI Regn. No. INS230782836), Member of National Stock Exchange.
These four orders have been passed by Shri Madhukar, Whole Time Member, SEBI against M/s. Atul Manharlal Choksi, M/s A. A. Doshi Share & Stock Brokers Ltd., Shri Mukesh P. Doshi and M/s Raj Overseas & Finance Pvt. Ltd. for certain irregularities in the issuance of contract notes, some procedural deficiencies in client registration forms, dealt with un-registered sub-broker, non segregation of client funds from own funds etc.
The full texts of these orders are available on the website: www.sebi.gov.in
Mumbai
January 03, 2006