sebi:ORDER/GG/BS/2021-22/15334
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation found; penalty of Rs. 5,00,000 imposed under Section 15HA
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 4(2)
- Reg. 3(a)
Parties
- Sanjay Agarwal HUF
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 6 non-genuine reversal trades in illiquid BSE stock options that created artificial volume, and is liable to a penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act.
Full text
_____________________________________________________________________________ Adjudication Order in respect of Sanjay Agarwal HUF In the matter of dealings in Illiquid stock options at BSE Page 2 of 17
_____________________________________________________________________________ Adjudication Order in respect of Sanjay Agarwal HUF In the matter of dealings in Illiquid stock options at BSE Page 3 of 17
_____________________________________________________________________________ Adjudication Order in respect of Sanjay Agarwal HUF In the matter of dealings in Illiquid stock options at BSE Page 4 of 17
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:ORDER/GG/BS/2021-22/15334. 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.