sebi:Order/VV/NK/2023-24/28768
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Facts / Headnote
Violation established; penalty of Rs.5,00,000 imposed under Section 15HA of SEBI Act
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
- SATISH KUMAR HUF
Holding
Noticee SATISH KUMAR HUF executed non-genuine reversal trades in illiquid BSE stock options in violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 and is liable to a monetary penalty of Rs.5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of SATISH KUMAR HUF in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 21
Adjudication Order in respect of SATISH KUMAR HUF in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 21
Adjudication Order in respect of SATISH KUMAR HUF in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 21
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Source: SecMarx — sebi:Order/VV/NK/2023-24/28768. 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.