sebi:Order/AT/MM/2021-22/14531
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Facts / Headnote
Abated
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 4(1)
- Reg. 3(a)
Parties
- Basudeo Beriwala
Holding
The adjudication proceedings initiated against Late Mr. Basudeo Beriwala for alleged illiquid stock option reversal trades were abated without going into the merits and no penalty was imposed, and the proceedings were disposed of.
Full text
Adjudication Order in respect of Basudeo Beriwala in the matter of dealings in Illiquid Stock Options at the BSE Page 2 of 3
Adjudication Order in respect of Basudeo Beriwala in the matter of dealings in Illiquid Stock Options at the BSE Page 3 of 3
The aforesaid reversal trades allegedly resulted in generation of artificial volumes, leading to allegations that the Noticee had violated the provisions of regulations 3(a),(b),(c),(d) and regulations 4(1),4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trading Practices related to Securities Markets) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations, 2003”). APPOINTMENT OF ADJUDICATING OFFICER
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Source: SecMarx — sebi:Order/AT/MM/2021-22/14531. 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.