sebi:Order/SBM/AK/2021-22/14664

SEBI · SEBI · 2021-07-27 · Suresh B Menon, Adjudicating Officer

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Facts / Headnote

Penalty imposed on Noticee for violation of PFUTP Regulations

Provisions invoked

• s. 15
• s. 19
• s. 15H
• s. 15J
• s. 15A
• s. 28A

Regulations

• Reg. 3
• Reg. 4(1)
• Reg. 3(a)

Parties

• Anjana S Goel

Holding

The Noticee violated regulation 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations by executing reversal/non-genuine trades in illiquid stock option contracts at BSE, and a penalty of Rs.5,00,000/- was imposed under section 15HA of the SEBI Act.

Full text

___________________________________________________________________________ Adjudication order in respect of Anjana S Goel in the matter of dealing in Illiquid Stock Options at BSE Page 2 of 12 transactions with significant difference in sell value and buy value of the transactions. It was therefore alleged that Noticee had executed the reversal trades, which were non-genuine in nature and have created false or misleading appearance of trading in terms of creation of artificial volume in the Stock Options segment at BSE and therefore, it is alleged that the Noticee has violated the provisions of regulations 3(a), (b), (c), (d) and regulation 4(1), 4(2) (a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Markets) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’). In view of the above reasons, adjudication proceedings have been initiated against the Noticee under the provisions of section 15 HA of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’). APPOINTMENT OF ADJUDICATING OFFICER

___________________________________________________________________________ Adjudication order in respect of Anjana S Goel in the matter of dealing in Illiquid Stock Options at BSE Page 3 of 12 Date Buyer Seller Buy Order Time Sell Order Time Trade Time Trade Rate (Rs.) Trade Quantity 08/07/2015 ANJANA S GOEL ANUPAM ADVISORY PRIVATE LIMITED 14:49:30.215181 14:49:33.430710 14:49:33.430710 13.1 27000 08/07/2015 ANUPAM ADVISORY PRIVATE LIMITED ANJANA S GOEL 15:13:15.563592 15:13:15.178120 15:13:15.563592 20.8 27000

___________________________________________________________________________ Adjudication order in respect of Anjana S Goel in the matter of dealing in Illiquid Stock Options at BSE Page 4 of 12

Source: SecMarx — sebi:Order/SBM/AK/2021-22/14664. 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.