sebi:Order/VV/DD/2023-24/28744
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. 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
- Sawaria Surendra Kumar (Huf)
Holding
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 and is liable to monetary penalty of Rs.5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Sawaria Surendra Kumar in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 16
Adjudication Order in respect of Sawaria Surendra Kumar in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 16
Adjudication Order in respect of Sawaria Surendra Kumar in the matter of dealings in Illiquid Stock Options on 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/VV/DD/2023-24/28744. 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.