October 09, 2006
PR No. 227/2006

Order against M/s. Ganesh Stock & Share Brokers Pvt. Ltd. and 

M/s. Wyscare Securities Pvt. Ltd. in the matter of M/s. Home Trade Ltd.

Securities and Exchange Board of India (SEBI) has passed the following orders on October 03, 2006 against the following two brokers of Bangalore Stock Exchange in the matter of M/s. Home Trade Ltd. - 

1. The certificate of registration of M/s. Ganesh Stock & Share Brokers Pvt. Ltd.,SEBI Reg. No INB 080926534, member, Bangalore Stock Exchange (BgSE) is suspended for a period of fifteen (15) days. The penalty is imposed on the broker for not complying with the Code of Conduct norms, guidelines relating to Know Your Client norms and not maintaining counterfoils of the contract notes. The certificate of registration of M/s. Ganesh Stock & Share Brokers Pvt. Ltd., member of BgSE will be suspended from October 24, 2006 till November 07, 2006. 
    

2. The certificate of registration of M/s. Wyscare Securities Pvt. Ltd.,SEBI Reg. No INB 080810031, member, Bangalore Stock Exchange (BgSE) is suspended for a period of fifteen (15) days. The penalty is imposed on the broker for not complying with the Code of Conduct norms, guidelines relating to Know Your Client norms and not maintaining counterfoils of the contract notes. The certificate of registration of M/s. Wyscare Securities Pvt. Ltd., member of BgSE will be suspended from October 24, 2006 till November 07, 2006.
    

Mumbai

October 09, 2006

For full copy of order against GANESH STOCK & SHARE BROKERS PVT.LTD., click here.

For full copy of order against WYSCARE SECURITIES PVT.LTD., click here.