sebi:Order/SM/S./2023-24/25969
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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
- s. 15I
- s. 28A
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Sweety Sanghi
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options at BSE and is liable for monetary penalty of Rs.5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Sweety Sanghi in the matter of Illiquid Stock Options at BSE. Page 2 of 18 significant difference in the sell value and buy value of the transactions. The aforesaid reversal trades allegedly led to generation of artificial volumes.
Adjudication Order in respect of Sweety Sanghi in the matter of Illiquid Stock Options at BSE. Page 3 of 18 SEBI Act, to show cause as to why an inquiry should not be held and penalty be not imposed against the Noticee under Section 15HA of the SEBI Act for the alleged violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the PFUTP Regulations, 2003 by Noticee.
Adjudication Order in respect of Sweety Sanghi in the matter of Illiquid Stock Options at BSE. Page 4 of 18 7. The SCN with reference no. SEBI/HO/EAD/EAD10/SM/AE/38048/1/2022 dated August 08, 2022 was served on the Noticee via digitally signed email dated August 11, 2022. The proof of service is on record.
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Source: SecMarx — sebi:Order/SM/S./2023-24/25969. 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.