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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
41
History of entity/person UNICON SECURITIES PVT.LTD.

(CIN:U74899DL1995PTC064554
PAN:AAPFS5325P)

(Member : BSE/NSE)  
Click here to view complete history of this specific entity/person GAJENDRA NAGPAL

PAN:AADPN5511A
Click here to view complete history of this specific entity/person NEERAJ GROVER

PAN:AFDPG2918P
Click here to view complete history of this specific entity/person RAM MOHAN GUPTA

PAN:AGDPG7175M
Click here to view complete history of this specific entity/person SONIA NAGPAL

PAN:AAGPN2936G
  		MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES

DID NOT HAVE PERIODIC INTERNAL AUDIT CONDUCTED OF ITS STOCK BROKING AND DEPOSITORY PARTICIPANT OPERATIONS

DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR THE CHANGE IN MANAGEMENT AND CONTROL

EXTENDED MARGIN TRADING FACILITY TO ITS CLIENTS WITHOUT OBTAINING REQUISITE APPROVAL FROM STOCK EXCHANGES

DID NOT CARRY OUT ACTUAL PERIODIC SETTLEMENT OF FUNDS AND SECURITIES OF ITS CLIENTS

INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES

DEALT IN SECURITIES IN FRAUDULENT & UNFAIR MANNER AND DEFRAUDED INVESTORS IN SECURITIES VIOLATING SECTIONS 12A(B) AND 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(A), 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003   		IMPOSED PENALTY RS.15,00,000

30-AUG-2022 		SEBI VIDE ITS NOTICE DATED 16/05/2025 DIRECTED TO PAY RS.26,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE  
42
History of entity/person VIJAY KUMAR PATNI,M/S

(Member : CSE)  
Click here to view complete history of this specific entity/person VIJAY KUMAR PATNI
  		INDULGED IN OFF-MARKET TRANSACTIONS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 02-SEP-2003 TO 01-JAN-2004

12-AUG-2003 		 
43
History of entity/person VIKASH SOMANI SECURITIES PVT.LTD.

(Member : CSE)  
  INDULGED IN OFF-MARKET TRANSACTIONS

INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-MAR-2004 TO 23-SEP-2004

03-MAR-2004 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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