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Order in the matter of dealings by Mr. Avinash Krishnaji Dixit (PAN: AEXPD8128H), Proprietor, Max Investments and Financial Services,sub broker with SEBI Registration Nos. INS233470710 (from April 03, 2007 to March 23, 2009 at NSE) and INS013073916 (November 06, 2006 to November 11, 2008 at BSE)
Jan 07, 2016
PR No.:
4/2016
Shri S. Raman, Whole Time Member, SEBI, passed an Order dated December 31, 2015, against Mr. Avinash Krishnaji Dixit, Proprietor, Max Investments and Financial Services, sub broker with SEBI Registration Nos. INS233470710 (from April 03, 2007 to March 23, 2009 at NSE) and INS013073916 (November 06, 2006 to November 11, 2008 at BSE) affiliated to the Stock Broker, India Infoline Limited. In the said order, SEBI has restrained Mr. Avinash Dixit, from accessing the capital market and also prohibited him from buying, selling or otherwise dealing in the securities market, directly or indirectly for a period of
5 (Five)
years for indulging in activities such as acceptance of cash from its clients, mis utilization of demand drafts of clients and unauthorized trades, etc.
The full text of the
order
is available on the website: www.sebi.gov.in