sebi:Order/PM/GD/2021-22/14746
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Facts / Headnote
Violation established; penalty of Rs 5,00,000 imposed under Section 15HA
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 3(a)
- Reg. 4(2)(a)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Basanti Devi Patni
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the SEBI (PFUTP) Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options at BSE. A monetary penalty of Rs 5,00,000 under Section 15HA of the SEBI Act was imposed.
Full text
Adjudication Order in respect of Basanti Devi Patni, in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 12
Adjudication Order in respect of Basanti Devi Patni, in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 12
Adjudication Order in respect of Basanti Devi Patni, in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 12
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Source: SecMarx — sebi:Order/PM/GD/2021-22/14746. 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.