sebi:Order/GR/PU/2023-24/27723

SEBI · SEBI · 2021-07-27 · G. Ramar, Adjudicating Officer

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

Facts / Headnote

Violation established; penalty imposed

Provisions invoked

s. 11B
s. 11
s. 15
s. 19
s. 15H
s. 15J
s. 15F
s. 28A

Regulations relied on

SEBI (PFUTP) Regulations, 2003 — 3(a)

Parties

Ideal Plywood Traders Pvt. Ltd.

Holding

The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades creating artificial volume, and a monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act, 1992 was imposed.

Full text

Adjudication Order in respect of Ideal Plywood Traders Pvt. Ltd. in the matter of trading in Illiquid Stock Options at BSE Page 2 of 20

Adjudication Order in respect of Ideal Plywood Traders Pvt. Ltd. in the matter of trading in Illiquid Stock Options at BSE Page 3 of 20

Adjudication Order in respect of Ideal Plywood Traders Pvt. Ltd. in the matter of trading in Illiquid Stock Options at BSE Page 4 of 20

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Source: SecMarx — sebi:Order/GR/PU/2023-24/27723. 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.