sebi:Order/MC/HP/2021-2022/12845
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 of Rs.25,00,000 imposed under Section 15HA
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 6
- Reg. 4(1)
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Jai Siyaram Commodity Private Limited
Holding
The Noticee violated Regulation 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options, and a monetary penalty of Rs.25,00,000 under Section 15HA of the SEBI Act was imposed.
Full text
Adjudication Order in the matter of dealing in Illiquid Stock Options on the BSE Page 2 of 18 leading to allegations that the Noticee had violated Regulation 3(a),(b),(c),(d) and Regulation 4(1), 4(2)(a) SEBI (Prohibition of Fraudulent and Unfair Trading Practices related to Securities Markets) Regulations, 2003 (hereinafter referred to as, “PFUTP Regulations”).
Adjudication Order in the matter of dealing in Illiquid Stock Options on the BSE Page 3 of 18 artificial volumes in the Stock Options Segment of BSE during the Investigation Period.
Adjudication Order in the matter of dealing in Illiquid Stock Options on the BSE Page 4 of 18 6 BHEL15APR230.00CEW1 22.60 40000 28.00 40000 100% 36% 7 BHEL15APR230.00PEW1 0.67 92000 2.68 92000 100% 100% 8 BHEL15APR240.00CEW1 13.97 118000 17.66 118000 100% 28% 9 BHEL15APR240.00PEW1 0.47 117000 2.46 117000 100% 72% 10 BHEL15APR250.00CEW1 6.35 112000 8.83 112000 100% 75% 11 BHEL15APR250.00PEW1 0.91 114000 2.75 114000 100% 100% 12 BHEL15APR260.00CEW1 2.14 172000 4.44 172000 100% 100% 13 BHEL15APR260.00PEW1 3.50 80000 5.95 80000 100% 67% 14 BHEL15APR270.00PEW1 16.55 45000 20.00 45000 100% 39% 15 BIOC15APR410.00CEW2 18.50 20000 29.50 20000 100% 100% 16 BIOC15APR450.00PEW3 9.50 20000 19.50 20000 100% 100% 17 BOBL15APR170.00CEW2 8.25 47500 14.05 47500 100% 100% 18 BOBL15APR170.00PEW2 0.15 48750 2.10 48750 100% 24% 19 BOBL15APR175.00CEW2 5.00 66250 8.25 66250 100% 100% 20 BOBL15APR175.00PEW2 0.40 58750 2.75 58750 100% 100% 21 BOBL15APR180.00CEW2 2.28 122500 5.23 122500 100% 100% 22 BOBL15APR180.00PEW2 1.78 116250 3.93 116250 100% 100% 23 BOBL15APR185.00CEW2 0.85 72500 3.25 72500 100% 74% 24 BOBL15APR185.00PEW2 4.10 63750 6.95 63750 100% 100% 25 BOBL15APR190.00CEW2 0.37 128750 2.68 128750 100% 79% 26 BOBL15APR190.00PEW2 7.09 112500 10.81 112500 100% 76% 27 BOBL15APR195.00CEW2 0.34 123750 1.75 123750 100% 61% 28 BOBL15APR195.00PEW2 9.69 116250 13.88 116250 100% 100% 29 BOBL15APR200.00CEW2 0.27 113750 1.77 113750 100% 100% 30 BOIL15APR205.00CEW2 8.05 46000 12.85 46000 100% 100% 31 BOIL15
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Source: SecMarx — sebi:Order/MC/HP/2021-2022/12845. 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.