sebi:Order/BM/DS/2023-24/25703
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations, 2003
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
- Radha Devi Goenka
Holding
The Noticee was found to have violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options at BSE, and a penalty of ₹5,00,000 was imposed under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Radha Devi Goenka in the matter of trading in Illiquid Stock Options at BSE Page 2 of 20
Adjudication Order in respect of Radha Devi Goenka in the matter of trading in Illiquid Stock Options at BSE Page 3 of 20
Adjudication Order in respect of Radha Devi Goenka in the matter of trading in Illiquid Stock Options at BSE Page 4 of 20
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Source: SecMarx — sebi:Order/BM/DS/2023-24/25703. 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.