sebi:Order/PM/NS/2022-23/16121
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Facts / Headnote
Noticee found in violation of Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a) of SEBI (PFUTP) Regulations, 2003; penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 151
- s. 34
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Rishab Sarawgi
Holding
The Noticee was held to have violated Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a) of the SEBI (PFUTP) Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options contracts at irrational prices, which created a false or misleading appearance of trading in the securities market.
Full text
Adjudication Order in respect of Rishab Sarawgi., in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 27
Adjudication Order in respect of Rishab Sarawgi., in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 27
Adjudication Order in respect of Rishab Sarawgi., in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 27
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Source: SecMarx — sebi:Order/PM/NS/2022-23/16121. 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.