sebi:ORDER/PS/NS/2022-23/15815
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Ms. Krishna Kumari
Holding
The Adjudicating Officer held that Ms. Krishna Kumari violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing 2 synchronized reversal trades in 1 stock option contract on 26/02/2015 that created artificial trading volumes, and imposed a penalty of Rs. 5,00,000 under section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Ms. Krishna Kumari in the matter of dealings in Illiquid Stock Options at the BSE Page 2 of 16
Adjudication Order in respect of Ms. Krishna Kumari in the matter of dealings in Illiquid Stock Options at the BSE Page 3 of 16
Adjudication Order in respect of Ms. Krishna Kumari in the matter of dealings in Illiquid Stock Options at the BSE Page 4 of 16
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Source: SecMarx — sebi:ORDER/PS/NS/2022-23/15815. 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.