sebi:Order/JS/DJ/2018-19/2345
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Facts / Headnote
Noticee found in violation of Regulations 3(a), 4(1) and 4(2)(a) of SEBI PFUTP Regulations, 2003; penalty imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 15I(1)
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 200
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Chitragupta Sales & Services Pvt Ltd
Holding
The Noticee violated Regulations 3(a), 4(1) and 4(2)(a) of the SEBI PFUTP Regulations, 2003 by executing 69 non-genuine reversal trades in 16 illiquid stock option contracts at BSE, generating artificial volume of 8,360,500 units and creating a misleading appearance of trading. The Noticee acted in concert with counterparties in a pre-determined, synchronised manner amounting to fraud in the securities market.
Full text
Adj Order in resp. of Chitragupta Sales & Services Pvt Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 2 of 16
Adj Order in resp. of Chitragupta Sales & Services Pvt Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 3 of 16
Adj Order in resp. of Chitragupta Sales & Services Pvt Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 4 of 16
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Source: SecMarx — sebi:Order/JS/DJ/2018-19/2345. 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.