sebi:Order/PM/NS/2021-22/15065
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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. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 200
- Reg. 3(a)
- Reg. 4(2)(a)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
- Reg. 3(a)(b)(c)
Parties
- Rinky Vishal Poddar
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. A monetary penalty of Rs 5,00,000 under section 15HA of the SEBI Act was imposed upon the Noticee.
Full text
Adjudication Order in respect of Rinky Vishal Poddar In the matter of dealings in Illiquid Stock Options at BSE trades allegedly resulted in the generation of artificial volumes, leading to
Adjudication Order in respect of Rinky Vishal Poddar In the matter of dealings in Illiquid Stock Options at BSE (i) The Noticee was one of the entities which had indulged in reversal trades which allegedly created a false and misleading appearance of trading, generating artificial volumes in the stock options segment of the BSE during the Investigation Period.
Adjudication Order in respect of Rinky Vishal Poddar In the matter of dealings in Illiquid Stock Options at BSE Sl. N o. Contract Name Avg. buy rate (Rs.) Total buy volume (No. of units) Avg. sell rate (Rs.) Total sell volume (No. of units) % of Non- genuine trades of the Noticee in the contract to total trades in the contract % of Artificial volume generated by Noticee in the contract to the total volume in the contract 6 SUNT14JU N400.00CE W3 29 12000 45.3 12000 100 100
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Source: SecMarx — sebi:Order/PM/NS/2021-22/15065. 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.