sebi:Order/PM/PA/2021-22/13965
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Facts / Headnote
Penalty of Rs 5,00,000 imposed under section 15HA of the SEBI Act for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- 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)
- Reg. 3(a)(b)(c)
Parties
- Rajendra Kumar Surana and Sons
Holding
The Noticee's reversal trades in illiquid stock options violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, and a monetary penalty of Rs 5,00,000 under section 15HA of the SEBI Act was imposed upon Rajendra Kumar Surana and Sons.
Full text
Adjudication Order in respect of Rajendra Kumar Surana and Sons, Page 2 of 14 In the matter of dealings in Illiquid Stock Options
Adjudication Order in respect of Rajendra Kumar Surana and Sons, Page 3 of 14 In the matter of dealings in Illiquid Stock Options
Adjudication Order in respect of Rajendra Kumar Surana and Sons, Page 4 of 14 In the matter of dealings in Illiquid Stock Options
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Source: SecMarx — sebi:Order/PM/PA/2021-22/13965. 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.