SEBI imposes ₹5 lakh penalty on Rose Securities for executing 12 non-genuine reversal trades in BSE's illiquid stock options segment.
The trades created artificial volume of 16.64 lakh units across 3 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 failed service attempts and public notice publication, with penalty payable within 45 days.