sebi:Order/DS/MA/2022-23/15939
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Facts / Headnote
Violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations held established for non-genuine reversal trades
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 12
- Reg. 3(a)
Parties
- Liladhar Premnarayan Navalkishore Rathi HUF
Holding
The Noticee's one buy and one sell trade in contract VOLT15APR260.00CEW3 on April 13, 2015 with the same counterparty were held to be non-genuine reversal trades generating artificial volume of 48,000 units in violation of Regulations 3(a)-(d), 4(1) and 4(2)(a) of the PFUTP Regulations.
Full text
Adjudication order in respect of Liladhar Premnarayan Navalkishore Rathi HUF in the matter of dealing in Illiquid Stock Options at BSE Page 2 of 26
Adjudication order in respect of Liladhar Premnarayan Navalkishore Rathi HUF in the matter of dealing in Illiquid Stock Options at BSE Page 3 of 26
Adjudication order in respect of Liladhar Premnarayan Navalkishore Rathi HUF in the matter of dealing in Illiquid Stock Options at BSE Page 4 of 26
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Source: SecMarx — sebi:Order/DS/MA/2022-23/15939. 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.