sebi:Order/DM/SJ/2021-22/15007
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Facts / Headnote
The Noticee was found liable for executing non-genuine reversal trades that created a false or misleading appearance of trading, in violation of the cited PFUTP Regulations. The order indicates monetary penalty liability under section 15HA of the SEBI Act, but the penalty amount is not present in the supplied text.
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 11C
- s. 15F
- s. 28A
- s. 18
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 200
- Reg. 3(a)
Parties
- Kala Patodia
Holding
The Adjudicating Officer found that Kala Patodia executed non-genuine same-day reversal trades in stock options, creating artificial volume and a false or misleading appearance of trading, in violation of regulations 3(a)–(d), 4(1), and 4(2)(a) of the PFUTP Regulations. The order indicates liability to monetary penalty under section 15HA of the SEBI Act, but the amount is not included in the supplied text.
Full text
Adjudication Order in respect of Kala Patodia in the matter of dealings in the Illiquid Stock Options at BSE | Page 2 of 27
Adjudication Order in respect of Kala Patodia in the matter of dealings in the Illiquid Stock Options at BSE | Page 3 of 27
Adjudication Order in respect of Kala Patodia in the matter of dealings in the Illiquid Stock Options at BSE | Page 4 of 27
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Source: SecMarx — sebi:Order/DM/SJ/2021-22/15007. 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.