sebi:Order/VV/DD/2023-24/28747
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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
- Seema Bansal
Holding
Noticee Seema Bansal violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options on BSE. Penalty of Rs.5,00,000 under Section 15HA of SEBI Act was imposed.
Full text
Adjudication Order in respect of Seema Bansal in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 17 one such various entities whose reversal trades involved squaring off transactions with significant difference in the sell value and buy value of the transactions. In view of the same, SEBI initiated adjudication proceedings against Noticee for violation of the provisions of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”).
Adjudication Order in respect of Seema Bansal in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 17 The Adjudicating officers had passed Orders with respect to certain entities in a phased manner.
Adjudication Order in respect of Seema Bansal in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 17 APPOINTMENT OF ADJUDICATING OFFICER
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Source: SecMarx — sebi:Order/VV/DD/2023-24/28747. 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.