sebi:MC/DPS/2018-19/32
Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3(a)
- SEBI (PFUTP) Regulations, 2003 — 3(b)
- SEBI (PFUTP) Regulations, 2003 — 3(c)
- SEBI (PFUTP) Regulations, 2003 — 3(d)
- SEBI (PFUTP) Regulations, 2003 — 4(1)
- SEBI (PFUTP) Regulations, 2003 — 4(2)(a)
Parties
- Jai Prakash Agarwal
Holding
The Noticee, Jai Prakash Agarwal, was held liable for violating Regulations 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options on BSE, and a penalty of Rs. 5,00,000/- was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Jai Prakash Agarwal in the matter of Dealing in Illiquid options on the BSE Page 2 of 14
Adjudication Order in respect of Jai Prakash Agarwal in the matter of Dealing in Illiquid options on the BSE Page 3 of 14
Adjudication Order in respect of Jai Prakash Agarwal in the matter of Dealing in Illiquid options on the BSE Page 4 of 14
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Source: SecMarx — sebi:MC/DPS/2018-19/32. 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.