sebi:Order/PB/2021-22/14126
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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
- Neha Mohta
Holding
The Noticee Neha Mohta was held to have violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing synchronized reversal trades in illiquid stock options on BSE, and a penalty of Rs. 5,00,000 was imposed under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Neha Mohta in the matter Page 2 of 26 of dealings in Illiquid Stock Options on BSE significant difference in the sell value and buy value of the transactions. The aforesaid reversal trades allegedly resulted into generation of artificial volumes in otherwise illiquid option contracts.
Adjudication Order in respect of Neha Mohta in the matter Page 3 of 26 of dealings in Illiquid Stock Options on BSE 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.
Adjudication Order in respect of Neha Mohta in the matter Page 4 of 26 of dealings in Illiquid Stock Options on BSE for equal quantity. This indicates that these trades are artificial and are non-genuine in nature.
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Source: SecMarx — sebi:Order/PB/2021-22/14126. 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.