{"id":30413,"date":"2022-03-21T20:09:28","date_gmt":"2022-03-21T14:39:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-bse-illiquid-stocks-3\/"},"modified":"2022-03-21T21:38:06","modified_gmt":"2022-03-21T16:08:06","slug":"biz-bse-illiquid-stocks-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-bse-illiquid-stocks-3\/","title":{"rendered":"Sebi levies Rs 15 lakh fine on 3 entities in illiquid stock options case on BSE"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-349806126\"><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>New Delhi, Mar 21 (PTI) Capital markets regulator Sebi on Monday imposed penalties totalling Rs 15 lakh on three entities for indulging in non-genuine trades in illiquid stock options on BSE.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-76191991\"><!-- 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>\n<p>     In three separate orders, the regulator levied a fine of Rs 5 lakh each on Sanjay Bansal, Abhishek Sheth HUF and Abhishek Mall.<\/p>\n<p>     The orders came after Sebi observed large scale reversal trades in the stock options segment of BSE, leading to the creation of artificial volumes.<\/p>\n<p>     In view of the same, the Securities and Exchange Board of India (Sebi) had conducted an investigation into the trading activities of certain entities engaged in illiquid stock options on BSE from April 2014 to September 2015.<\/p><div class=\"trade-content_5\" id=\"trade-668414495\"><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>\n<p>     Pursuant to the investigation, it was observed that over 2.91 lakh trades comprising a substantial 81.41 per cent of all the trades were executed in the stock options segment of BSE. It noted that these entities were among the various others that indulged in the execution of reversal trades in the stock options segment.<\/p>\n<p>     The reversal trades are alleged to be non-genuine in nature as they are executed in the normal course of trading, which leads to a false or misleading appearance of trading in terms of generating artificial volumes, Sebi said.<\/p>\n<p>     By indulging in such trades in stock options, they flouted the provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms, it added. PTI HG SP\t \t  HG RUJ RUJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-2750665967\"><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>New Delhi, Mar 21 (PTI) Capital markets regulator Sebi on Monday imposed penalties totalling Rs 15 lakh on three entities for indulging in non-genuine trades in illiquid stock options on BSE. In three separate orders, the regulator levied a fine of Rs 5 lakh each on Sanjay Bansal, Abhishek Sheth HUF and Abhishek Mall. The [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"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":[1696,31],"tags":[],"class_list":["post-30413","post","type-post","status-publish","format-standard","hentry","category-corporate-action","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 levies Rs 15 lakh fine on 3 entities in illiquid stock options case on BSE - 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\/biz-bse-illiquid-stocks-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi levies Rs 15 lakh fine on 3 entities in illiquid stock options case on BSE\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 21 (PTI) Capital markets regulator Sebi on Monday imposed penalties totalling Rs 15 lakh on three entities for indulging in non-genuine trades in illiquid stock options on BSE. 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