sebi:Order/AK/AJ/2023-24/28588
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Facts / Headnote
Violation established; penalty of Rs 5,00,000 imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 26
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Sanjiv Kumar Agarwal
Holding
The Noticee executed 4 non-genuine reversal trades in illiquid BSE stock options in violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations and is liable to a monetary penalty of Rs 5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Sanjiv Kumar Agarwal in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 14
Adjudication Order in respect of Sanjiv Kumar Agarwal in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 14
Adjudication Order in respect of Sanjiv Kumar Agarwal in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 14
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Source: SecMarx — sebi:Order/AK/AJ/2023-24/28588. 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.