sebi:Order/JS/RJ/2025-26/32302
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. 11B
- s. 11
- s. 15
- s. 11(2)
- s. 15H
- s. 15J
- s. 28A
- s. 11B(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Rajeev Chandak HUF
Holding
The Noticee violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations by executing four non-genuine reversal trades in two illiquid BSE stock options contracts creating artificial volume, and monetary penalty of Rs.5,00,000 under section 15HA of SEBI Act was imposed.
Full text
Adjudication Order in respect of Rajeev Chandak HUF in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 20
Adjudication Order in respect of Rajeev Chandak HUF in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 20
Adjudication Order in respect of Rajeev Chandak HUF in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 20
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Source: SecMarx — sebi:Order/JS/RJ/2025-26/32302. 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.