sebi:Order/AK/AJ/2023-24/28688
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Facts / Headnote
Violation established; penalty of Rs 5,00,000 imposed under Section 15HA of the 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
- Rakesh Kumar Bansal
Holding
The Noticee, Rakesh Kumar Bansal, violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options. A monetary penalty of Rs 5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Rakesh Kumar Bansal in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 14
Adjudication Order in respect of Rakesh Kumar Bansal in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 14
Adjudication Order in respect of Rakesh Kumar Bansal 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/2023-24/28688. 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.