sebi:ORDER/AP/SG/2021-22/15336
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Facts / Headnote
Noticee found in violation of PFUTP Regulations, 2003; penalty proceedings under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 11C
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Ms. Radhika Sarraf
Holding
The Noticee violated Regulations 3(a), 3(b), 3(c), 3(d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options at BSE that generated artificial volume and created a false or misleading appearance of trading.
Full text
Adjudication Order in respect of Ms. Radhika Sarraf in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 22 of Fraudulent and Unfair Trading Practices related to Securities Markets) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations, 2003”). APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Ms. Radhika Sarraf in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 22
Adjudication Order in respect of Ms. Radhika Sarraf in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 22
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Source: SecMarx — sebi:ORDER/AP/SG/2021-22/15336. 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.