sebi:Order/AK/AS/2023-24/26270
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Facts / Headnote
Violation established; penalty of Rs 5,00,000 imposed ex-parte
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
- STIC Tradecomm Pvt Ltd
Holding
The Adjudicating Officer held that STIC Tradecomm Pvt Ltd executed 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 imposed a penalty of Rs 5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of STIC Tradecomm Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 15
Adjudication Order in respect of STIC Tradecomm Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 15
Adjudication Order in respect of STIC Tradecomm Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 15
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Source: SecMarx — sebi:Order/AK/AS/2023-24/26270. 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.