sebi:Order/GR/PU/2023-24/28718
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Facts / Headnote
Violation established ex-parte; penalty of Rs. 5,00,000 imposed under Section 15HA of SEBI Act, 1992
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
- Jaigurudev Consultancy Services Pvt. Ltd.
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003 by executing 15 non-genuine reversal trades in 4 illiquid stock option contracts creating artificial volume of 21,88,000 units. A monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act, 1992 was imposed on Jaigurudev Consultancy Services Pvt. Ltd.
Full text
Adjudication Order in respect of Jaigurudev Consultancy Services Pvt. Ltd. in the matter of trading in Illiquid Stock Options at BSE Page 2 of 20
Adjudication Order in respect of Jaigurudev Consultancy Services Pvt. Ltd. in the matter of trading in Illiquid Stock Options at BSE Page 3 of 20
Adjudication Order in respect of Jaigurudev Consultancy Services 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/2023-24/28718. 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.