New Delhi: SEBI has imposed a total fine of Rs 15 lakh on three entities for indulging in non-genuine trading in the illiquid stock options segment on BSE. In three separate orders, the market regulator imposed a fine of Rs 5 lakh each on Vrindavan Pandey, Gothi HUF Shavji Raja and Saurabh Khaitan. The order comes after the Securities and Exchange Board of India (SEBI) observed large-scale reversal of trades in the stock options segment of BSE. The regulator found that such large-scale reversal of trades in stock options leads to creation of artificial volumes in BSE.
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