sebi:Order/AP/SS/2021-22/14698
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Facts / Headnote
Alleged violation of Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a) of PFUTP Regulations, 2003 established; penalty imposed under section 15HA of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 11C
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 3(a)
Parties
- Radha Mohan Construction LLP
Holding
The Noticee was found to have violated Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in stock options at BSE that generated artificial volume. The Adjudicating Officer rejected the Noticee's defenses regarding delay, non-supply of documents, and the nature of reversal trades.
Full text
Adjudication Order in respect of Radha Mohan Construction LLP in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 23
Adjudication Order in respect of Radha Mohan Construction LLP in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 23
Adjudication Order in respect of Radha Mohan Construction LLP in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 23
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