sebi:Order/AS/VC/2024-25/31343
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Facts / Headnote
Violations of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations established against the Noticee; monetary penalty imposed (quantum not specified in the provided text).
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Bhavika Parimal Shah
Holding
The Noticee was found to have violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in an illiquid stock options contract at BSE, generating artificial volume of 20,000 units constituting 8.1% of total market volume in that contract.
Full text
Adjudication Order in respect of Bhavika Parimal Shah in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 25
Adjudication Order in respect of Bhavika Parimal Shah in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 25
Adjudication Order in respect of Bhavika Parimal Shah in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 25
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Source: SecMarx — sebi:Order/AS/VC/2024-25/31343. 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.