sebi:Order/VV/AS/2023-24/28809
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Noticee for violation of PFUTP Regulations
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
- MC SECURITIES LIMITED
Holding
MC Securities Limited 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 on BSE, and a penalty of Rs. 5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect MC SECURITIES LIMITED in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 21
Adjudication Order in respect MC SECURITIES LIMITED in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 21
Adjudication Order in respect MC SECURITIES LIMITED in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 21
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Source: SecMarx — sebi:Order/VV/AS/2023-24/28809. 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.