SEBI imposed a fine of Rs 55 lakh on 11 entities for wrongful trading – Dainik Savera Times
[ad_1]
New Delhi: Capital markets regulator SEBI has imposed a total fine of Rs 55 lakh on 11 entities for their involvement in unfair trading in cash share options segment on BSE. In 11 separate orders, the regulator has slapped sanctions on Kamla Aggarwal, Kamla Devi Bajoria, Kamla Jain, Kamaljeet Kaur, Kamal Ramprasad Gupta, Kamal Kumar, Kamlesh Ahuja, Kailash Narottamdas Anonymous, Sanjay Kumar Daga HUF Pragma Suppliers Pvt Ltd and Aromatic Tie Up Pvt Ltd. Imposed a fine of Rs 5 lakh each.
The regulator passed the decision after taking cognizance of large-scale unfair trading in the cash share options segment on BSE. The Securities and Exchange Board of India (SEBI) had investigated the trading activities of some entities involved in this segment between April 2014 and September 2015.
In a separate order on Wednesday, Sebi imposed a total fine of Rs 20 lakh on two entities for violating disclosure norms in the case of IFL Promoters Ltd. Apart from this, SEBI suspended the registration of 3M Team Research Pvt Ltd for one year for violating regulatory norms.
[ad_2]
Source link
