sebi:Order/VV/NK/2023-24/28832
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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)(8)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 47
Parties
- PRAKASH KUMAR RAMUKA
Holding
Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid BSE stock options and is liable under Section 15HA of SEBI Act. A monetary penalty of Rs.5,00,000 was imposed.
Full text
Adjudication Order in respect of PRAKASH KUMAR RAMUKA in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 21
Adjudication Order in respect of PRAKASH KUMAR RAMUKA in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 21
Adjudication Order in respect of PRAKASH KUMAR RAMUKA 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/2023-24/28832. 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.