sebi:WTM/RKA/ISD/106/2015
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
pending investigation and passing of final order, the persons/entities are restrained from buying, selling or dealing in the securities markets, either directly or indirectly, in any manner, till further directions
Provisions invoked
- s. 11B
- s. 19
- s. 11(1)
- s. 12A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 3(a)
Holding
Prima facie, loss-making entities deliberately incurred repeated losses through non-genuine reversal trades in illiquid stock options and profit-making entities acted in concert as counterparties, constituting fraud/manipulation; interim restraint from securities markets was imposed pending detailed investigation and final order.
Full text
_______________________________________________________________________ Order in the matter of Illiquid Stock Options Page 2 of 37
_______________________________________________________________________ Order in the matter of Illiquid Stock Options Page 3 of 37
_______________________________________________________________________ Order in the matter of Illiquid Stock Options Page 4 of 37
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:WTM/RKA/ISD/106/2015. 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.