Sebi imposes Rs 25 lakh fine on 5 entities for non-genuine trades
时间:2024-06-26 18:27:56 阅读(143)
Sebi on Wednesday imposed fines totalling Rs 25 lakh on five entities for indulging in non-genuine trades in the illiquid stock options segment on BSE.
In five separate orders, the watchdog levied a fine of Rs 5 lakh each on Natraj Dealtrade, Queen Tie-Up Pvt Ltd, Octagon Merchants, Noble Tradelink and Nirmal Kumar Chopra HUF.
It had conducted an investigation into the trading activities of certain entities engaged in the segment on BSE from April 2014 to September 2015.
According to Sebi, the five entities were among those who indulged in the execution of reversal trades.
Also read: TCS shares jump over 1% ahead of Q4 results announcement; Nifty 50 settles above 17800, Nifty IT gains 1%
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.
The entities had violated the provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices).
猜你喜欢
- 5 realty hotspots in Gurugram with promising investment potential
- DMart shares fall 2
- Deakin University inaugurates India campus, unveils India’s first international university branch campus
- Dollar Index extends losses for another week
- Nifty to gain or slip under 19400- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Defence-related stocks get indigenisation boost
- Defence stocks zoom on strong order books
- Driving Investments- Key trends in transportation and cleantech for 2024
- Nifty support at 17000, VIX needs to slip below 20 to witness cool-off; Buy these 2 shares for gains