sebi:ORDER/SS/SK/2019-20/6270
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Facts / Headnote
Alleged violations of Regulation 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations upheld; penalty imposed (amount not specified in extracted text)
Provisions invoked
- s. 15H
- s. 15I
- s. 15J
- s. 15
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 9
- Reg. 3(a)
Parties
- Hans Metals Limited
Holding
The Noticee, Hans Metals Limited, was held to have violated Regulation 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 66 non-genuine reversal trades in 26 illiquid Stock Option contracts on BSE, creating false or misleading appearance of trading through artificial volume of 54,83,000 units.
Full text
__________________________________________________________________________________________ Adjudication Order in respect of Hans Metals Limited in the matter of Illiquid Stock Option at BSE Page 2 of 16 (File No.: EAD-2/SS/SK/67/139/2019-20)
__________________________________________________________________________________________ Adjudication Order in respect of Hans Metals Limited in the matter of Illiquid Stock Option at BSE Page 3 of 16 (File No.: EAD-2/SS/SK/67/139/2019-20)
__________________________________________________________________________________________ Adjudication Order in respect of Hans Metals Limited in the matter of Illiquid Stock Option at BSE Page 4 of 16 (File No.: EAD-2/SS/SK/67/139/2019-20)
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Source: SecMarx — sebi:ORDER/SS/SK/2019-20/6270. 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.