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SEBI Imposes Rs 20.4 Lakh Fine on 4 Firms for Fraudulent Trade in Illiquid Stock Options - (22 Oct 2019)

CAPITAL MARKET

Securities and Exchange Board of India has fined four firms a total amount of Rs 20.4 lakh for carrying out fraudulent trading in the illiquid stock options segment of the Bombay Stock Exchange. The regulator in separate orders noted that the firms violated provisions of Prohibition of Fraudulent and Unfair Trade Practices by executing reversal trades in the stock options segment of the bourse.

Tags : SEBI   STOCK  

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