sebi:Order/VV/AS/2023-24/28806
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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. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 26
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Shravya Sureka Beneficiary Trust
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 stock options on BSE. A monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act was imposed on Shravya Sureka Beneficiary Trust.
Full text
Adjudication Order in respect of Shravya Sureka Beneficiary Trust in the matter of dealings in Illiquid Stock Options on BSE
Adjudication Order in respect of Shravya Sureka Beneficiary Trust in the matter of dealings in Illiquid Stock Options on BSE
Adjudication Order in respect of Shravya Sureka Beneficiary Trust in the matter of dealings in Illiquid Stock Options on BSE
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Source: SecMarx — sebi:Order/VV/AS/2023-24/28806. 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.