SEBI adjudication order imposes ₹2 lakh penalty on stock broker Prrsaar Sampada for compliance violations.
Noticee failed to report dealer's death and prevent unauthorized terminal use post-demise, violating broker regulations.
Investigation centered on 70 suspected front-running instances by client Wessel Consultancy of Axis Mutual Fund trades.
Noticee's defense cited Covid-19 disruptions but was rejected for failures in oversight and system controls.