sebi:Order/DM/MA/2022-23/16020
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of SEBI PFUTP Regulations held established; liable for monetary penalty under section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 11C
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Kamal Kishor Maloo HUF
Holding
The Noticee executed non-genuine reversal trades in illiquid BSE stock options creating false and misleading appearance of trading through artificial volumes, thereby violating Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the SEBI PFUTP Regulations and attracting monetary penalty under section 15HA of the SEBI Act.
Full text
Adjudication order in respect of Kamal Kishor Maloo HUF in the matter of dealings in the illiquid stock options at BSE Page 2 of 25
Adjudication order in respect of Kamal Kishor Maloo HUF in the matter of dealings in the illiquid stock options at BSE Page 3 of 25
Adjudication order in respect of Kamal Kishor Maloo HUF in the matter of dealings in the illiquid stock options at BSE Page 4 of 25
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/DM/MA/2022-23/16020. 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.