sebi:Order/SR/PP/2019-20/4148/103
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation established; penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 3
- 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)
Parties
- Swastik Securities & Finance Limited
Holding
The Noticee violated regulations 3(a),(b),(c) & (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options at BSE, and a monetary penalty of Rs. 7,60,000 under section 15HA of the SEBI Act, 1992 was imposed.
Full text
Adjudication Order in respect of Swastik Securities & Finance Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 16
Adjudication Order in respect of Swastik Securities & Finance Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 16
Adjudication Order in respect of Swastik Securities & Finance Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 16
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/SR/PP/2019-20/4148/103. 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.