sebi:Order/VV/NK/AK/2021-22/15753
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 of Rs 5,00,000 imposed under Section 15HA of the SEBI Act
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Santosh Kumar Daga
Holding
The Noticee violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 5 non-genuine reversal trades in 2 illiquid BSE stock option contracts. A monetary penalty of Rs 5,00,000 was imposed on Santosh Kumar Daga under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Santosh Kumar Daga Page 2 of 17 in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Santosh Kumar Daga Page 3 of 17 in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Santosh Kumar Daga Page 4 of 17 in the matter of dealings in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/VV/NK/AK/2021-22/15753. 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.