MUMBAI, January 28: The Securities and Exchange Board (SEBI) today suspended, A K Jain and company, a member of the Jaipur Stock Exchange, for 30 days with effect from February 12. The member was suspended for not reporting off-market transactions and delay in redressal of investors' complaints.The market regulator in a statement said the stock broker had been suspended under the terms of regulation 29 of SEBI (Stock brokers and Sub-brokers) rules and regulations, 1992.
The suspension is also due to irregularities in issuance of contract notes to clients, non-segregation of clients' fund from proprietary funds and dealing with unregistered sub-brokers, the statement said.
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