• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Friday, June 2, 2023
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Sebi levies Rs 35 lakh fine on seven entities for non-genuine trades

by The Outlooker Web Desk
May 9, 2023
in Business
0
Sebi levies Rs 35 lakh fine on seven entities for non-genuine trades
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

Capital markets regulator Sebi on Tuesday levied fines totalling Rs 35 lakh on seven entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In seven separate orders, the regulator slapped a fine of Rs 5 lakh each on Pawan Kumar Sarawagi HUF, Subh Laxmi Trading Co, STIC Tradecomm, Starlight Devcon, Devesh Commosale, Devinder Kumar and Kishorechandra Gulabbhai Desai.

The Securities and Exchange Board of India (Sebi) observed large-scale reversal of trades in the illiquid stock options segment of BSE, leading to the creation of artificial volumes on the bourse.

It 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, these seven entities were among those who indulged in the execution of reversal trades.

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, the markets watchdog said.

The entities had flouted the provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices).

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
Nifty outlook, Bank Nifty outlook today, Wednesday, 10 May 2023; check support, resistance

Nifty outlook, Bank Nifty outlook today, Wednesday, 10 May 2023; check support, resistance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

IKIO Lighting sets IPO price band at Rs 270-285/share
Business

IKIO Lighting sets IPO price band at Rs 270-285/share

June 2, 2023
Institutions lap up Coal India shares with bids worth Rs 6,500 cr; govt exercises green shoe option
Business

Institutions lap up Coal India shares with bids worth Rs 6,500 cr; govt exercises green shoe option

June 1, 2023
The PODs for Everyone, ARGUS G and ARGUS POD SE have Officially Arrived in the UK
Human

The PODs for Everyone, ARGUS G and ARGUS POD SE have Officially Arrived in the UK

June 1, 2023
Share market holidays June 2023: NSE Nifty 50, BSE Sensex to remain closed for nine days this month
Business

Share market holidays June 2023: NSE Nifty 50, BSE Sensex to remain closed for nine days this month

June 1, 2023

Connect with us

No Result
View All Result

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Local
  • Movie
  • Music
  • National
  • Offbeat
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • IKIO Lighting sets IPO price band at Rs 270-285/share
  • Institutions lap up Coal India shares with bids worth Rs 6,500 cr; govt exercises green shoe option
  • The PODs for Everyone, ARGUS G and ARGUS POD SE have Officially Arrived in the UK

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.