15Y of SEBI

prem nath paliath (Querist) 09 October 2010 This query is : Resolved
my client invested some amount with a sub broker to purchase shares. there was some fraud by the broker and complaints have been registered against him with the crime branch by the affected parties. the broker says one of his employees swindled the money. now he has filed civil suits in the local munsif court against my client along with his employee for defrauding him money.does Sec 15Y of SEBI bar the cases. my client filed complaints against the sub broker with SEBI but no response so far.he made complaints to NSE but they say they cant take action as the matter is sub judice. please advice. my email id is premandassociates@gmail.com. if sec15Y applies please provide some latest rulings in this regard

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