sebi:Order/JS/DJ/2018-19/2658
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; monetary penalty imposed
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
- City Gold Entertainment Limited
Holding
Noticee violated Regulations 3(a), 4(1) and 4(2)(a) of PFUTP Regulations, 2003 by executing 53 non-genuine reversal trades in 16 illiquid BSE stock option contracts, and a monetary penalty of Rs.5,00,000 under Section 15HA of SEBI Act was imposed.
Full text
Adjudication Order in resp. of City Gold Entertainment Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 2 of 15
Adjudication Order in resp. of City Gold Entertainment Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 3 of 15
Adjudication Order in resp. of City Gold Entertainment Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 4 of 15
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Source: SecMarx — sebi:Order/JS/DJ/2018-19/2658. 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.