sebi:Order/KS/JT/2021-22/14744
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation of PFUTP Regulations established; monetary penalty imposed under section 15HA of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 11C
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 10
- Reg. 3(a)
- Reg. 2(1)
Parties
- Madhumita Gupta
Holding
The Adjudicating Officer held that the Noticee, Madhumita Gupta, violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in the illiquid stock option contract 'HPCL15MAR620.00CE' on BSE, and that a monetary penalty under section 15HA of the SEBI Act is attracted.
Full text
Adjudication Order in respect of Madhumita Gupta in the matter of dealings in Illiquid Stock Options at the BSE Page 2 of 27
Adjudication Order in respect of Madhumita Gupta in the matter of dealings in Illiquid Stock Options at the BSE Page 3 of 27
Adjudication Order in respect of Madhumita Gupta in the matter of dealings in Illiquid Stock Options at the BSE Page 4 of 27
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Source: SecMarx — sebi:Order/KS/JT/2021-22/14744. 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.