Dated: 12th March 2007
NOTICE
Member’s attention is hereby
invited to the Exchange Notice dated 30th September 2005 in reference to an ad
interim exparte order, dated 29th September 2005 of SEBI directing M/s D.B.
& Co., and certain other brokers not to buy, sell or deal in securities in
any manner either directly or indirectly, pending investigation and further
directions for their indulging in
transactions in small cap/penny
stocks for creating unusual price movement in a manner detrimental to the
investors and securities market.
Subsequently, after
completion of the investigation into the trades of M/s D.B. & Co., in Prime
Capital Markets Limited, SEBI vide its
Order No. WTM/GA/123/ERO/1/07 dated 17th January 2007 had imposed a
major penalty of suspension of the certificate of registration of M/s D.B.
& Co. INB 030067311, for a period of two years and further directed that
the period of prohibition already undergone by D.B. & Co., vide SEBI order
dated 29th September 2005 would be set off against the said period
of two years.
In view of the above
directions of SEBI the indefinite suspension of M/s D.B. & Co., which
tarted on 30th September 2005 shall continue till 29th
September 2007.
Secretary