sebi:Order/GR/BM/2022-23/24873

SEBI · SEBI · 2021-06-21 · G. Ramar, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

abated

Provisions invoked

s. 15
s. 19
s. 15H

Regulations relied on

SEBI (PFUTP) Regulations, 2003 — 3(a)
SEBI (PFUTP) Regulations, 2003 — 4(1)
SEBI (PFUTP) Regulations, 2003 — 4(2)(a)

Parties

Jugal Kishore Modi

Holding

The adjudication proceedings initiated against Jugal Kishore Modi for alleged non-genuine reversal trades in illiquid stock options at BSE were abated without going into the merits, and the Show Cause Notice dated August 04, 2022 issued against him was disposed of accordingly.

Full text

Adjudication Order in respect of Shri Jugal Kishore Modi in the matter of dealings in Illiquid Stock Options at the BSE Page 2 of 5

Adjudication Order in respect of Shri Jugal Kishore Modi in the matter of dealings in Illiquid Stock Options at the BSE Page 3 of 5

Adjudication Order in respect of Shri Jugal Kishore Modi in the matter of dealings in Illiquid Stock Options at the BSE Page 4 of 5

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Source: SecMarx — sebi:Order/GR/BM/2022-23/24873. 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.