Sebi fines 2 entities for fraudulent trade in stock options

Sebi fines 2 entities for fraudulent trade in stock options

New Delhi: Markets regulator Sebi on Friday slapped a fine totalling Rs 20 lakh on two entities for executing fraudulent trades, which created artificial volume in the illiquid stock option segment on the BSE. The regulator conducted a probe between April 2014 and September 2015 into the trading activities of certain entities in illiquid stock options on the BSE after observing large-scale reversal of trades. During the investigation, Sebi found that over 81 per cent of all the trades executed in the BSE's stock options segment were non-genuine trades.

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Deccan Chronicle

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