sebi:Order/PB/2021-22/14174
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Facts / Headnote
Violation established; penalty imposed under Section 15HA of SEBI Act, 1992
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Neha Agarwal
Holding
The Noticee executed non-genuine reversal trades in illiquid BSE stock options creating false appearance of trading and artificial volumes, violating Regulations 3(a),(b),(c),(d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003, and is liable to penalty under Section 15HA of SEBI Act, 1992.
Full text
Adjudication Order in respect of Neha Agarwal in the matter Page 2 of 24 of dealings in Illiquid Stock Options on BSE 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 Agarwal in the matter Page 3 of 24 of dealings in Illiquid Stock Options on BSE under Rule 4(1) of the Adjudication Rules to show cause as to why an inquiry 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.
Adjudication Order in respect of Neha Agarwal in the matter Page 4 of 24 of dealings in Illiquid Stock Options on BSE 14:10:56.912170 hrs at the same rate 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/2021-22/14174. 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.