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Our Bureau

Mumbai , Sept. 5

Market regulator SEBI has suspended the registration of T. G. Financial Consultants Pvt Ltd, a member of the Uttar Pradesh Stock Exchange, on charges of certain irregularities and contraventions of SEBI Regulations. The stockbroker has been suspended from trading for a month.

"I am of the view that the broker executed off-the-floor transactions with Nikhil Securities Ltd, which is against the provisions of a SEBI circular. Moreover, the broker had not entered into member-client agreement in respect of the cases pointed out by the inspection team and did not produce any documents to support that it had entered into agreements with the clients," said Mr V.K. Chopra, whole-time member, SEBI.

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SEBI suspends T.G. Financial

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