sebi:Order/PB/2021-22/13950
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Facts / Headnote
Violation established; penalty of Rs. 5,00,000 imposed under Section 15HA of the SEBI Act, 1992
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Neeta Devi Agrawal
Holding
The Noticee violated Regulations 3(a), 3(b), 3(c), 3(d), 4(1), and 4(2)(a) of the PFUTP Regulations, 2003 by executing reversal trades in illiquid stock options that created artificial volume and a false or misleading appearance of trading, and a penalty of Rs. 5,00,000 was imposed under Section 15HA of the SEBI Act, 1992.
Full text
Page 2 of 24 buy value of the transactions. The aforesaid reversal trades allegedly resulted into generation of artificial volumes in otherwise illiquid option contracts.
Page 3 of 24 should not be initiated against her and why penalty should not be imposed under Section 15HA of the SEBI Act, 1992 for the violations alleged to have been committed by Noticee.
Page 4 of 24 units. This indicates that these trades are artificial and are non-genuine in nature. (b) Non-genuine trades executed by the Noticee in above contracts had significant difference in buy rates and sell rates considering that the trades were reversed on same day.
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Source: SecMarx — sebi:Order/PB/2021-22/13950. 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.