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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: VIOLATED SEBI (STOCK EXCHANGES & CLEARING CORPORATIONS) REGULATIONS, 2012

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person GKN SECURITIES

(PAN:AAHFG6629C)

(Member : NSE)  
Click here to view complete history of this specific entity/person OM PRAKASH GUPTA

PAN:AAHPG3048B
Click here to view complete history of this specific entity/person RAHUL GUPTA

PAN:AAHPG6987B
Click here to view complete history of this specific entity/person SONALI GUPTA

PAN:AAEPC1340F
  		DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED W2W TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY   DIRECTED NOT TO UNDERTAKE ANY TRADES ON ANY STOCK EXCHANGE RECOGNIZED BY SEBI ON PROPRIETARY ACCOUNT FROM 30-APR-2019 TO 29-APR-2021

30-APR-2019 		SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED WAY2WEALTH BROKERS PVT.LTD. TO CLOSE/SETTLE/SQUARE UP ITS EXISTING OPEN POSITIONS IN FUTURES & OPTIONS AND CURRENCY DERIVATIVES SEGMENTS ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER, IN TERMS OF THE CONTRACT

SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL AND QUASHING DIRECTIONS DISGORGE AMOUNT OF RS.4.9 CRORE. AFFIRMED DIRECTION OF WTM RESTRAINING FROM ACCEPTING, INDUCING OR ENROLLING ANY NEW CLIENT FOR ONE YEAR AND NOT TO UNDERTAKE ANY TRADE IN ITS PROPRIETARY ACCOUNT FOR TWO YEARS. DIRECTED TO SEBI REFUND RS.2.5 CRORE ALONG WITH ACCRUED INTEREST WITHIN FOUR WEEKS FROM DATE OF THIS ORDER  
2
History of entity/person GKN SECURITIES

(PAN:AAHFG6629C)

(Member : NSE)  
  DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED W2W TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY   DIRECTED TO DEPOSIT RS.4.9 CRORES ALONG WITH INTEREST @ 12% P.A. FROM 11/09/2015 TILL ACTUAL DATE OF PAYMENT TO IPEF WITHIN 45 DAYS FROM DATE OF THIS ORDER

DIRECTED NOT TO ACCEPT/INDUCT/ENROL ANY NEW CLIENT FROM 30-APR-2019 TO 29-APR-2020

30-APR-2019 		SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED WAY2WEALTH BROKERS PVT.LTD. TO CLOSE/SETTLE/SQUARE UP ITS EXISTING OPEN POSITIONS IN FUTURES & OPTIONS AND CURRENCY DERIVATIVES SEGMENTS ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER, IN TERMS OF THE CONTRACT

SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL AND QUASHING DIRECTIONS DISGORGE AMOUNT OF RS.4.9 CRORE. AFFIRMED DIRECTION OF WTM RESTRAINING FROM ACCEPTING, INDUCING OR ENROLLING ANY NEW CLIENT FOR ONE YEAR AND NOT TO UNDERTAKE ANY TRADE IN ITS PROPRIETARY ACCOUNT FOR TWO YEARS. DIRECTED TO SEBI REFUND RS.2.5 CRORE ALONG WITH ACCRUED INTEREST WITHIN FOUR WEEKS FROM DATE OF THIS ORDER  
3
History of entity/person WAY2WEALTH BROKERS PVT.LTD.

(PAN:AAACW3290M)

(Member : NSE)  
  DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED W2W TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY

ARRANGED CABLING THROUGH SAMPARK IN ITS CO-LOCATION RACK BOTH AT NSE AND BSE ENDS IN SUCH A MANNER THAT W2W HAD LOWER LATENCY COMPARED TO OTHER TRADING MEMBERS CONNECTED TO SAMPARK MUX PLACED IN NSE MMR   		DIRECTED TO DEPOSIT RS.15.34 CRORES ALONG WITH INTEREST @ 12% P.A. FROM 10/09/2015 TILL DATE OF PAYMENT TO IPEF WITHIN 45 DAYS FROM DATE OF THIS ORDER

DIRECTED NOT TO ACCEPT/INDUCT/ENROL ANY NEW CLIENT FROM 30-APR-2019 TO 29-APR-2020

30-APR-2019 		SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED WAY2WEALTH BROKERS PVT.LTD. TO CLOSE/SETTLE/SQUARE UP ITS EXISTING OPEN POSITIONS IN FUTURES & OPTIONS AND CURRENCY DERIVATIVES SEGMENTS ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER, IN TERMS OF THE CONTRACT

SAT VIDE ITS ORDER DATED 09/08/2023 SAT: PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS TO DISGORGE AMOUNT OF RS.15.34 CRORE. AFFIRMED DIRECTION OF WTM RESTRAINING FROM ACCEPTING, INDUCING OR ENROLLING ANY NEW CLIENT FOR ONE YEAR AND NOT TO UNDERTAKE ANY TRADE IN ITS PROPRIETARY ACCOUNT FOR TWO YEARS. DIRECTED SEBI TO REFUND RS.7.5 CRORE ALONG WITH ACCRUED INTEREST WITHIN FOUR WEEKS FROM DATE OF THIS ORDER  
4
History of entity/person WAY2WEALTH BROKERS PVT.LTD.

(PAN:AAACW3290M)

(Member : NSE)  
Click here to view complete history of this specific entity/person M.R.SHASHIBHUSHAN

PAN:ABDPB4470B
  		DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED W2W TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY

ARRANGED CABLING THROUGH SAMPARK IN ITS CO-LOCATION RACK BOTH AT NSE AND BSE ENDS IN SUCH A MANNER THAT W2W HAD LOWER LATENCY COMPARED TO OTHER TRADING MEMBERS CONNECTED TO SAMPARK MUX PLACED IN NSE MMR   		DIRECTED NOT TO UNDERTAKE ANY TRADES ON ANY STOCK EXCHANGE RECOGNIZED BY SEBI ON PROPRIETARY ACCOUNT FROM 30-APR-2019 TO 29-APR-2021

30-APR-2019 		SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED WAY2WEALTH BROKERS PVT.LTD. TO CLOSE/SETTLE/SQUARE UP ITS EXISTING OPEN POSITIONS IN FUTURES & OPTIONS AND CURRENCY DERIVATIVES SEGMENTS ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER, IN TERMS OF THE CONTRACT

SAT VIDE ITS ORDER DATED 09/08/2023 SAT: PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS TO DISGORGE AMOUNT OF RS.15.34 CRORE. AFFIRMED DIRECTION OF WTM RESTRAINING FROM ACCEPTING, INDUCING OR ENROLLING ANY NEW CLIENT FOR ONE YEAR AND NOT TO UNDERTAKE ANY TRADE IN ITS PROPRIETARY ACCOUNT FOR TWO YEARS. DIRECTED SEBI TO REFUND RS.7.5 CRORE ALONG WITH ACCRUED INTEREST WITHIN FOUR WEEKS FROM DATE OF THIS ORDER  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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