Sebi imposes Rs 25 lakh fine on 5 entities for non-genuine trades
时间:2024-06-26 18:57:38 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
- Consumer Durables- Margins likely to start rising sequentially
- Coal production target for FY25 is set at 850 MT
- BPCL, Vodafone Idea, ITC, SBI, HDFC, HDFC Bank, Zomato, Bajaj Auto stocks in focus on weekly F&O expiry
- Tracxn Technologies IPO opens, GMP nil; should you subscribe to Flipkart founders-backed issue-
- Bond yields flattish ahead of April US inflation data
- Blackstone’s Nexus Select Trust REIT Rs 3,200 cr IPO to open 9 May; combination of fresh issue, OFS
- Brent below $100 augurs well for India
- CoinDCX to fund investors in asset transfers
- There is a need to redefine the app-based cab market in India