sebi:Order/BM/RK/2024-25/31063

SEBI · SEBI · 2021-09-20 · Barnali Mukherjee, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Penalty imposed on Noticee for violation of PFUTP Regulations, 2003

Provisions invoked

s. 15
s. 19
s. 11B
s. 11
s. 15H
s. 15J
s. 15F
s. 28A

Regulations relied on

SEBI (PFUTP) Regulations, 2003 — 3(a)
SEBI (PFUTP) Regulations, 2003 — 3(b)
SEBI (PFUTP) Regulations, 2003 — 3(c)
SEBI (PFUTP) Regulations, 2003 — 3(d)
SEBI (PFUTP) Regulations, 2003 — 4(1)
SEBI (PFUTP) Regulations, 2003 — 4(2)(a)

Parties

Shyamlal Jaiswal HUF

Holding

The Noticee, Shyamlal Jaiswal HUF, 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 Rs. 5,00,000/- was imposed under Section 15HA of the SEBI Act, 1992.

Full text

Adjudication Order in respect of Shyamlal Jaiswal HUF in the matter of trading in Illiquid Stock Options at BSE Page 2 of 17

Adjudication Order in respect of Shyamlal Jaiswal HUF in the matter of trading in Illiquid Stock Options at BSE Page 3 of 17

Adjudication Order in respect of Shyamlal Jaiswal HUF in the matter of trading in Illiquid Stock Options at BSE Page 4 of 17

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Source: SecMarx — sebi:Order/BM/RK/2024-25/31063. 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.