sebi:Order/JS/DJ/2019-20/3619
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Found to have executed non-genuine reversal trades creating artificial volume in violation of PFUTP Regulations
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
- Dhaval Kirti Kothari
Holding
The Noticee executed 50 non-genuine reversal trades in 12 BSE stock option contracts generating artificial volume of 9446000 units, creating a false and misleading appearance of trading in violation of Regulations 3(a),(b),(c),(d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003.
Full text
Adjudication Order in resp. of Dhaval Kirti Kothari in the matter of dealing in illiquid Stock Options at BSE ||Page 2 of 17
Adjudication Order in resp. of Dhaval Kirti Kothari in the matter of dealing in illiquid Stock Options at BSE ||Page 3 of 17
Adjudication Order in resp. of Dhaval Kirti Kothari in the matter of dealing in illiquid Stock Options at BSE ||Page 4 of 17
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/JS/DJ/2019-20/3619. 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.