SEBI adjudication order fines Longview Suppliers ₹5 lakh for non-genuine trades in illiquid stock options.
Noticee executed 27 reversal trades in 8 contracts, creating artificial volume of 1.08 crore units.
Violations include PFUTP Regulations 3(a)-(d), 4(1), and 4(2)(a) for creating misleading trading appearance.
Company did not avail SEBI settlement schemes in 2022 and 2024, leading to penalty imposition.