sebi:Order/PM/NK/2020-21/8082
Facts / Headnote
Violation established; Noticee held liable for insider trading for monetary penalty under Section 15G of SEBI Act, 1992
Provisions invoked
- s. 11
- s. 15
- s. 19
- s. 11(1)
- s. 12A
- s. 15I
- s. 15G
- s. 15J
- s. 28A
- s. 24
Regulations relied on
- SEBI (PIT) Regulations, 2015 — 12
- SEBI (PIT) Regulations, 2015 — 3(i)
- SEBI (PIT) Regulations, 2015 — 4
Parties
- Poonam Haresh Jashnani
Holding
The Noticee traded in McDowell-N (USL) option contracts while in possession of UPSI about the Relay B.V./Diageo PLC open offer communicated by insider Nishat Gupte, violating Regulation 3(i) and Regulation 4 of SEBI (PIT) Regulations, 1992 read with Regulation 12 of SEBI (PIT) Regulations, 2015 and Section 12A(d) and (e) of SEBI Act, 1992, and is liable for penalty under Section 15G.
Full text
Adjudication Order in respect of Poonam Haresh Jashnani in the matter of Investigation in the matter of insider trading activity of certain entities in the scrip of United Spirits Limited Page 2 of 68
Adjudication Order in respect of Poonam Haresh Jashnani in the matter of Investigation in the matter of insider trading activity of certain entities in the scrip of United Spirits Limited Page 3 of 68
Adjudication Order in respect of Poonam Haresh Jashnani in the matter of Investigation in the matter of insider trading activity of certain entities in the scrip of United Spirits Limited Page 4 of 68
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/PM/NK/2020-21/8082. 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.