SEBI AO imposes ₹5 lakh penalty on Adhunik Ventures for executing 4 non-genuine reversal trades in BSE stock options.
Noticee created artificial volume of 206,500 units in 1 contract during April 2014-Sept 2015 investigation period.
Violations found under PFUTP Regulations 3(a)-(d), 4(1) and 4(2)(a) for creating false market appearance.
Noticee failed to avail two settlement schemes (2022 & 2024) offering resolution at ₹1-1.2 lakh for 1-5 contracts.