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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 : 27-MAY-2026

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: MISUSED/DEFAULTED IN MAINTAINING CLIENT ACCOUNTS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
581
History of entity/person VNS FINANCE & CAPITAL SERVICES LTD.

(PAN:AAACV6221B)

(Depository Participants : CDSL,Member : NSE/BSE)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

MISUSED PLEDGING OF CLIENT’S SECURITIES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT UPDATE CLIENTS EMAIL IDS AND MOBILE NUMBERS

DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES

DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION

PROVIDED INCORRECT COLLATERAL DATA TO STOCK EXCHANGES   		IMPOSED PENALTY RS.11,00,000

15-DEC-2022 		 
582
History of entity/person VSE STOCK SERVICES LTD.

(PAN:AABCV4258K)

(Member : NSE/BSE)  
  DID NOT MAINTAIN CLIENT ORDER PLACEMENT EVIDENCE DURING INSPECTION PERIOD

DID NOT ACCEPT AS NO NAME/ SIGNATURE /STAMP OF INSPECTING OFFICIALS IN INSPECTION REPORTS OF 2019, 2022 AND 2023 AS AVAILABLE ON RECORD

DID NOT DISPLAY DO’S AND DON’TS AS PER PRESCRIBED FORMAT

DID NOT DISPLAY SEBI REGISTRATION CERTIFICATE & INFORMATION REGARDING GRIEVANCE REDRESSAL MECHANISM

ALLOWED TERMINAL TO UNAUTHORISED USERS   		IMPOSED PENALTY RS.2,00,000

30-SEP-2024 		 
583
History of entity/person WAY2WEALTH BROKERS PVT.LTD.

(PAN:AAACW3290M)

(Depository Participants : CDSL/NSDL,Member : BSE/NSE/MCX/BGSE)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS   IMPOSED PENALTY RS.3,00,000

25-AUG-2021 		 
584
History of entity/person YELKAYES FINANCIAL CONSULTANTS & INVESTMENTS LTD.

(Member : NSE)  
  DID NOT COLLECT MARGINS FROM CLIENTS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-MAY-2003 TO 22-SEP-2003

02-MAY-2003 		 
585
History of entity/person YES SECURITIES (INDIA) LTD.

(PAN:AAACY6065C)

(Member : BSE/NSE/MSEI)  
  DELAY IN SENDING RETENTION STATEMENT TO CLIENTS

INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES

DID NOT ADHERE TO LEVERAGE AND EXPOSURE LIMITS AS PRESCRIBED WHILE GRANTING MARGIN TRADING FACILITY

DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE

MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES   		IMPOSED PENALTY RS.5,00,000

27-SEP-2023 		 
586
History of entity/person YOGENDRA SHARMA,/MS

(Member : UPSE)  
Click here to view complete history of this specific entity/person YOGENDRA SHARMA
  		INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

MISUSED DEBIT NOTE FACILITY IN STOCK EXCHANGE

DID NOT REPORT PRINCIPAL-TO-PRINCIPAL TRANSACTIONS TO THE EXCHANGE

DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JUN-1999 TO 30-NOV-1999

24-MAY-1999 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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