sebi:Order/SS/VS/2019-20/5537
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Facts / Headnote
Violation established; monetary penalty imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15H
- s. 15I
- s. 15J
- s. 15
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 3(a)
- Reg. 2(1)
Parties
- Gradgrind Barter Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid BSE stock options creating false appearance of trading, and is liable to a monetary penalty of Rs. 10,50,000 under Section 15HA of the SEBI Act.
Full text
_________________________________________________________________________________ Adjudication order in respect of Gradgrind Barter Private Limited in the matter of Illiquid Stock Options at BSE Page 2 of 11 (File Ref No.: EAD-2/SS/VS/58/105/2019-20)
_________________________________________________________________________________ Adjudication order in respect of Gradgrind Barter Private Limited in the matter of Illiquid Stock Options at BSE Page 3 of 11 (File Ref No.: EAD-2/SS/VS/58/105/2019-20)
_________________________________________________________________________________ Adjudication order in respect of Gradgrind Barter Private Limited in the matter of Illiquid Stock Options at BSE Page 4 of 11 (File Ref No.: EAD-2/SS/VS/58/105/2019-20)
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Source: SecMarx — sebi:Order/SS/VS/2019-20/5537. 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.