SEBI acts on illiquid options trade manipulators

The Securities and Exchange Board of India (SEBI) has started acting against entities that are alleged to have executed manipulative and orchestrated non-genuine trades in the illiquid stock option segment of BSE almost five years ago.The penalty, however, imposed in most cases has been the minimum stipulated Rs. 5 lakh, though the markets regulator and the Supreme Court have earlier stated that these are serious offences affecting the integrity and safety of the markets.In the recent past, there have been at least five such orders where the regulator has imposed a penalty of Rs. 5 lakh each on the alleged offenders. In one other matter, however, a penalty of Rs. 20 lakh has been imposed on Pepson Steels Pvt. Ltd.

Source : https://www.thehindu.com/todays-paper/tp-business/sebi-acts-on-illiquid-options-trade-manipulators/article25582137.ece

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