sebi:Order/MC/HP/2021-2022/13026
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs.5,00,000 imposed on the Noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 6
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Jayesh Ramniklal Dedhia
Holding
The Noticee violated Regulation 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 79 non-genuine reversal trades in illiquid BSE stock options. A monetary penalty of Rs.5,00,000 under Section 15HA of the SEBI Act was imposed on Jayesh Ramniklal Dedhia.
Full text
Adjudication Order in the matter of dealing in Illiquid Stock Options on the BSE Page 2 of 11 artificial volumes by the aforesaid clients and counterparties, leading to
Adjudication Order in the matter of dealing in Illiquid Stock Options on the BSE Page 3 of 11 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 11 8 KARB15MAR150.00PE 16.20 700000 28.93 700000 100% 82% 9 NTPC15JUL160.00PEW2 15.10 142000 25.49 142000 3% 1% 10 ONGC15JUL360.00PEW2 30.22 76000 48.79 76000 25% 6% 11 TAMO15JUL470.00PEW2 26.11 75500 44.84 75500 100% 25% 12 TAMO15JUL490.00PEW1 31.11 75500 50.66 75500 100% 36% 13 VOLT15APR240.00CEW1 23.00 80000 37.32 80000 100% 7%
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Source: SecMarx — sebi:Order/MC/HP/2021-2022/13026. 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.