SEBI AO imposes ₹5 lakh penalty on Parmeswar Commercial for executing 4 non-genuine reversal trades in BSE's illiquid stock options.
Noticee created artificial volume of 513,250 units across 2 contracts during April 2014-September 2015 investigation period.
Violations established under Regulations 3(a),(b),(c),(d) and 4(1),4(2)(a) of SEBI PFUTP Regulations, 2003 for creating false trading appearance.
Order passed ex-parte after multiple service attempts; penalty payable within 45 days with recovery proceedings for non-payment.