Market regulator Sebi has disposed of matters against Anand Rathi Share & Stock Brokers and Arcadia Share & Stock Brokers for alleged violation of broker norms in two different cases, saying the charges could not be established. Sebi, through two separate orders dated November 21, said the violation of relevant provisions of stock brokers norms have been ‘difficult to establish’ against Anand Rathi Share and Arcadia Share in Winsome Textile Industries and Aarey Drugs and Pharmaceuticals respectively.Accordingly, the adjudication proceedings are disposed of, it added.The matters relate to cases way back in 2009. In its show cause notice, the Securities and Exchange Board of India (Sebi) alleged that Anand Rathi Share had executed synchronised trades in Winsome shares on behalf of its clients.

Source : http://www.business-standard.com/article/markets/sebi-disposes-of-cases-against-anand-rathi-share-arcadia-113112200925_1.html

 

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