sebi:Order/VV/AS/2023-24/28915
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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
- Shiv Kumar Agrawal
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. A monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act was imposed on Shiv Kumar Agrawal.
Full text
Adjudication Order in respect of Shiv Kumar Agrawal in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 21
Adjudication Order in respect of Shiv Kumar Agrawal in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 21
Adjudication Order in respect of Shiv Kumar Agrawal 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/2023-24/28915. 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.