sebi:Order/GG/BS/2021-22/15311
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation found; penalty imposed
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Sanjay Kumar Khetan HUF
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options, and a penalty of Rs 5,00,000 under Section 15HA of the SEBI Act was imposed.
Full text
__________________________________________________________________________________ Adjudication Order in respect of Sanjay Kumar Khetan HUF in the matter of dealings in illiquid Stock Options at BSE Page 2 of 16
__________________________________________________________________________________ Adjudication Order in respect of Sanjay Kumar Khetan HUF in the matter of dealings in illiquid Stock Options at BSE Page 3 of 16
__________________________________________________________________________________ Adjudication Order in respect of Sanjay Kumar Khetan HUF in the matter of dealings in illiquid Stock Options at BSE Page 4 of 16
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Source: SecMarx — sebi:Order/GG/BS/2021-22/15311. 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.