{"id":108489,"date":"2023-08-30T17:40:00","date_gmt":"2023-08-30T12:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108489"},"modified":"2023-08-30T17:01:30","modified_gmt":"2023-08-30T11:31:30","slug":"sebi-fined-9-organizations-a-total-of-rs-45-lakh-for-engaging-in-non-genuine-trades","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/sebi-fined-9-organizations-a-total-of-rs-45-lakh-for-engaging-in-non-genuine-trades\/","title":{"rendered":"Sebi fined 9 organizations a total of Rs 45 lakh for engaging in non-genuine trades"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1972187832\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The capital market regulator Sebi fined nine organizations a total of Rs 45 lakh on Tuesday for engaging in non-genuine trades in the BSE&#8217;s illiquid stock options market.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4203843404\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In nine separate orders, the regulator imposed a fine of Rs 5 lakh each on Vivek Company, Soundlight Projects, S R Realbuild, Srijan Dealers, Manomay Dealmark, Zodiac Vanijya, VKJ Trexim, Hans Homes and Guruteg Bahadur Rice Mill.<\/p><p>The orders came after Sebi observed large-scale reversal trades in the illiquid stock options segment on BSE, leading to artificial volumes on the exchange.<\/p><p>Thereafter, it conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015.<\/p><div class=\"trade-content_5\" id=\"trade-824441089\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The nine entities fined on Tuesday were among those who indulged in the execution of reversal trades.<\/p><p>Reversal transactions are said to be non-genuine in nature because they are completed during regular trading hours, creating an artificial appearance of trading and generating false or misleading volumes, according to the regulator.<\/p><p>By indulging in these acts, the entities have violated the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms.<\/p><p>In a separate order on Monday, the regulator disposed of show-cause notices issued against 10 individuals as the allegation of violation of insider trading rules was not established in the Titan Company Ltd (TCL).<\/p><p>The order was issued following a judgement by the Securities Appellate Tribunal (SAT) on July 12 that nullified Sebi&#8217;s orders against 10 people for breaking insider trading laws in TCL shares and ordered the capital markets watchdog to issue a new order.&nbsp;<\/p><div class=\"trade-after-content\" id=\"trade-1032459163\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The capital market regulator Sebi fined nine organizations a total of Rs 45 lakh on Tuesday for engaging in non-genuine trades in the BSE&#8217;s illiquid stock options market. In nine separate orders, the regulator imposed a fine of Rs 5 lakh each on Vivek Company, Soundlight Projects, S R Realbuild, Srijan Dealers, Manomay Dealmark, Zodiac [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-108489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sebi fined 9 organizations a total of Rs 45 lakh for engaging in non-genuine trades - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/sebi-fined-9-organizations-a-total-of-rs-45-lakh-for-engaging-in-non-genuine-trades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi fined 9 organizations a total of Rs 45 lakh for engaging in non-genuine trades\" \/>\n<meta property=\"og:description\" content=\"The capital market regulator Sebi fined nine organizations a total of Rs 45 lakh on Tuesday for engaging in non-genuine trades in the BSE&#8217;s illiquid stock options market. 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