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Securities and Exchange Board of India Levies Fine on 3 Entities in Illiquid Stock Options Case - (11 Mar 2022)

CAPITAL MARKET

Securities and Exchange Board of India has imposed a total of Rs 15 lakh fine on three entities for indulging in non-genuine trades in stock options on BSE. In three separate orders, the regulator slapped a fine of Rs 5 lakh each on Priti Sultania, Deepa Hirani and Vivek Rungta HUF, observing large scale reversal trades in the stock options segment of BSE, leading to the creation of artificial volume in the segment.

Tags : SECURITIES AND EXCHANGE BOARD OF INDIA ILLIQUID STOCK OPTIONS CASE

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