sebi:Order/AK/RK/2025-26/32334
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Facts / Headnote
Penalty imposed on the Noticee for violating PFUTP Regulations
Provisions invoked
- s. 15
- s. 11B
- s. 11
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Prachi Tradevine Pvt Ltd
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 8 non-genuine reversal trades in 4 stock options contracts that created artificial volume, and a penalty of Rs 5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Prachi Tradevine Pvt Ltd in the matter of Illiquid Stock Options on BSE Page 2 of 14 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Prachi Tradevine Pvt Ltd in the matter of Illiquid Stock Options on BSE Page 3 of 14 noticees and at the same time would help to clear the backlog of these pending matters before various AOs.” (Emphasis Supplied)
Adjudication Order in respect of Prachi Tradevine Pvt Ltd in the matter of Illiquid Stock Options on BSE Page 4 of 14 8. However, it was observed that Noticee did not avail the SEBI Settlement Scheme, in view of which, the adjudication proceeding against the Noticee was resumed in terms of Para 12 of the SCN.
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Source: SecMarx — sebi:Order/AK/RK/2025-26/32334. 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.