Lal Kamleshbhai N HUF Penalized ₹5 Lakh for Illiquid Options Manipulation

SEBI adjudication order imposes a ₹5 lakh penalty on Lal Kamleshbhai N HUF for executing non-genuine reversal trades in illiquid stock options on the BSE.
The entity executed two reversal trades in a single contract, generating 50,000 units of artificial volume, constituting 50% of the contract's total volume.
The trades were deemed manipulative, violating SEBI PFUTP Regulations, and the entity did not avail of two settlement scheme opportunities.
The Adjudicating Officer imposed the penalty under Section 15HA of the SEBI Act, considering the violation detrimental to market integrity.