2010 (1) TMI 1254

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..... ate Per : Justice N. K. Sodhi, Presiding Officer (Oral) The appellant before us is a stock broker registered with the Securities and Exchange Board of India (for short the Board). It is alleged to have executed circular and reverse trades while trading on behalf of its client. It is not in dispute that the appellant executed trades (both buy and sell orders) on behalf of a client by the n .....

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..... rcular and reverse trades. The adjudicating officer imposed a monetary penalty on both. The client Chaitanya Raote came up in Appeal no. 263 of 2009 and we upheld the order of the adjudicating officer and the findings recorded by him to the effect that the appellant therein through his broker (the appellant herein) were in league with each other while executing circular and reverse trades. The pre .....

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