sebi:Order/PM/GD/2021-22/14444
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Facts / Headnote
Violation established; penalty of Rs 5,00,000 imposed under section 15HA of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 3(a)
- Reg. 4(2)(a)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Rajendra D Thakar
Holding
The Noticee violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options at BSE and was held liable to a monetary penalty of Rs 5,00,000 under section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Rajendra D Thakar, Page 2 of 16 In the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Rajendra D Thakar, Page 3 of 16 In the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Rajendra D Thakar, Page 4 of 16 In the matter of dealings in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/PM/GD/2021-22/14444. 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.