sebi:Order/JS/DJ/2018-19/2414
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; penalty imposed under Section 15HA
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
- Bhaijee Portfolio Limited
Holding
The Noticee was held to have executed 72 non-genuine reversal trades in 19 illiquid BSE stock option contracts resulting in artificial volume of 1125000 units, violating Regulations 3(a), 4(1) and 4(2)(a) of PFUTP Regulations, 2003, and penalty under Section 15HA of SEBI Act was imposed.
Full text
Adjudication Order in resp. of Bhaijee Portfolio Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 2 of 21
Adjudication Order in resp. of Bhaijee Portfolio Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 3 of 21
Adjudication Order in resp. of Bhaijee Portfolio Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 4 of 21
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Source: SecMarx — sebi:Order/JS/DJ/2018-19/2414. 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.