sebi:Order/GG/VP/2021-22/15216
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Facts / Headnote
Penalty imposed on the Noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 4(2)
- Reg. 3(a)
Parties
- Sanjay Khandelwal
Holding
The Adjudicating Officer held that the Noticee, Sanjay Khandelwal, 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 imposed a minimum penalty of Rs. 5,00,000 under section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Sanjay Khandelwal, Page 2 of 17 in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Sanjay Khandelwal, Page 3 of 17 in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Sanjay Khandelwal, Page 4 of 17 in the matter of dealings in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/GG/VP/2021-22/15216. 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.