sebi:Order/AK/AJ/2023-24/28838
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations
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
- Yusufbhai Mohmadbhai Katariya
Holding
The Noticee, Yusufbhai Mohmadbhai Katariya, was held liable for engaging in fraudulent and unfair trade practices by executing non-genuine reversal trades in illiquid stock options on BSE, in violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, and a penalty of Rs. 5,00,000/- was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Yusufbhai Mohmadbhai Katariya in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Yusufbhai Mohmadbhai Katariya in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Yusufbhai Mohmadbhai Katariya in the matter of dealings in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/AK/AJ/2023-24/28838. 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.