sebi:Order/GR/PU/2023-24/27770
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation established ex-parte; monetary penalty imposed
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- IGE Ventures LLP
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid BSE stock options creating artificial volume. A monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act, 1992 was imposed on IGE Ventures LLP.
Full text
Adjudication Order in respect of IGE Ventures LLP in the matter of trading in Illiquid Stock Options at BSE Page 2 of 20
Adjudication Order in respect of IGE Ventures LLP in the matter of trading in Illiquid Stock Options at BSE Page 3 of 20
Adjudication Order in respect of IGE Ventures LLP 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/2023-24/27770. 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.