Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 Chapters List Chapter VI PROCEDURE FOR ACTION IN CASE OF DEFAULT This
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Regulation 28 - Liability for prosecution - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992Extract 1 [Liability for prosecution. 28. A stock broker 2 [ **** ] shall be liable for prosecution under section 24 of the Act for any of the following violations, namely :- (i) Dealing in securities without obtaining certificate of registration from the Board as a stock broker 2 [ **** ] . (ii) Dealing in securities or providing trading floor or assisting in trading outside the recognized stock exchange in violation of provisions of the Securities Contracts (Regulation) Act, 1956 or rules made or notifications issued thereunder. (iii) Market manipulation of securities or index. (iv) Indulging in insider trading in violation of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992. (v) Violating the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003. (vi) Failure without reasonable cause- (a) to produce to the investigating authority or any person authorized by him in this behalf, any books, registers, (b) to appear before the investigating authority personally or to answer any question which is put to him by the investigating authority; or (c) to sign the notes of any examination taken down by the investigating authority. (vii) Failure to pay penalty imposed by the adjudicating officer or failure to comply with any of his directions or orders. ] ******* 1 Regulations 25 to 28 substituted for regulation 25 by the SEBI (Stock Brokers and Sub-brokers) (Amendment) Regulations, 2003, w.e.f. 20-11-2003. 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/2018/27 dated 30-07-2018 w.e.f. 01-04-2019 before it was read as or a sub-broker
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