sebi:WTM/RKA/ISD/94/2016
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Replies/submissions of the 22 TMs to the interim order dated February 17, 2016 disposed of; no ad-interim directions issued at this stage; investigation to be concluded expeditiously; TMs directed to co-operate with SEBI; exchanges directed to monitor trading activities of the 22 TMs.
Holding
SEBI declined to issue ad-interim preventive directions against the 22 Trading Members at this stage, preferring to await completion of the ongoing investigation before taking a final view. The TMs' replies to the February 17, 2016 interim order were disposed of accordingly.
Full text
__________________________________________________________________________________ Order in the matter of Illiquid Stock Options in respect of Trading Members Page 2 of 15
__________________________________________________________________________________ Order in the matter of Illiquid Stock Options in respect of Trading Members Page 3 of 15
__________________________________________________________________________________ Order in the matter of Illiquid Stock Options in respect of Trading Members Page 4 of 15
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Source: SecMarx — sebi:WTM/RKA/ISD/94/2016. 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.