sebi:AO/SBM/EAD-1/06/2019
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- M/s Admire Vinimay Pvt Ltd
Holding
The Noticee is liable for monetary penalty under section 15HA of the SEBI Act for violating Regulations 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations by executing reversal/non-genuine trades that created artificial volume in the illiquid Stock Option segment at BSE, and a penalty of Rs. 8,00,000/- is imposed.
Full text
Page 2 of 18 creation of artificial volume to the tune of 826.21 crore units or 54.68% of the total market volume in the Stock Option segment of BSE during the investigation period. In view of the large scale reversal of trades that were observed in the illiquid Stock Option segment at BSE, it is alleged that these trades were non-genuine in nature.
Page 3 of 18 SHOW CAUSE NOTICE, HEARING AND REPLY 5. Show Cause Notice ref. SEBI/HO/EAD/25762/2018 dated August 27, 2018 (hereinafter referred to as 'SCN') was issued to the Noticee in terms of Rule 4 of the Adjudication Rules requiring the Noticee to show cause as to why an inquiry should not be held against it and why penalty, if any, should not be imposed on the Noticee under the provisions of section 15HA of the SEBI Act.
Page 4 of 18 2 DISH15JUN80.00CEW2 25.10 80000 16.45 80000 100% 67% 100% 95% 3 FEDB15APR120.00CEW1 25.20 190000 15.00 190000 100% 20% 100% 39% 4 FEDB15MAY130.00CE 14.00 54000 8.50 54000 100% 25% 100% 19% 5 GMRI15AUG12.00PEW1 0.83 390000 0.05 390000 100% 33% 100% 11% 6 HNDL15MAY120.00CE 23.00 48000 14.50 48000 100% 100% 100% 100% 7 IBRL15MAY45.00CE 12.00 112000 8.50 112000 100% 50% 100% 88% 8 IBRL15MAY50.00CE 8.50 92000 5.80 92000 100% 20% 100% 27% 9 IBRL15MAY55.00CE 3.80 128000 2.75 128000 100% 100% 100% 100% 10 IDBI15AUG50.00PEW1 2.25 96000 0.10 96000 100% 100% 100% 100% 11 IDFC15APR150.00CEW1 25.55 142000 18.55 142000 100% 20% 100% 52% 12 JAIA15MAY14.00CE 3.90 144000 2.50 144000 100% 50% 100% 44% 13 JISL15AUG65.00PEW2 2.03 228000 0.05 228000 100% 100% 100% 100% 14 LNTF15MAY60.00CE 6.00 112000 3.80 112000 100% 100% 100% 100% 15 NHPC15MAY16.00CE 3.20 290000 2.10 290000 100% 50% 100% 45% 16 NHPC15MAY24.00PE 4.50 100000 3.00 100000 100% 50% 100% 50% 17 NMDC15MAY125.00CE 6.00 40000 3.80 40000 100% 100% 100% 100% 18 RCOM15JUL60.00PE 2.33 248000 0.08 248000 100% 31% 100% 26% 19 RCOM15MAY50.00PE 1.64 128000 0.05 128000 100% 60% 100% 84% 20 RCOM15MAY55.00CE 9.00 100000 6.00 100000 100% 100% 100% 100% 21 RCOM15MAY60.00PEW1 2.41 82000 0.25 82000 100% 100% 100% 100% 22 RCOM15MAY80.00CEW2 2.27 94000 0.15 94000 100% 100% 100% 100% 23 RCOM15MAY85.00CEW2 2.28 146000 0.15 146000 100% 50% 100% 56% 24 RPOW15MAY45.00PE 1.36 384000 0.09 384000 100% 26% 100% 26% 25 SAIL15JUN75.00CEW1 2.40 232000
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Source: SecMarx — sebi:AO/SBM/EAD-1/06/2019. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.