sebi:Order/AK/AJ/2023-24/28937
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee
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
- Sudha Somani
Holding
The Noticee, Sudha Somani, is liable for engaging in 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/- is imposed under Section 15HA of the SEBI Act.
Full text
__________________________________________________________________________________ Adjudication Order in respect of Sudha Somani in the matter of dealings in Illiquid Stock Options at BSE
__________________________________________________________________________________ Adjudication Order in respect of Sudha Somani in the matter of dealings in Illiquid Stock Options at BSE
__________________________________________________________________________________ Adjudication Order in respect of Sudha Somani in the matter of dealings in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/AK/AJ/2023-24/28937. 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.