SEBI imposes ₹5 lakh penalty on Rowland Dealtrade for executing 6 non-genuine reversal trades in BSE stock options.
The trades created artificial volume of 240,000 units in one contract during April 2014-September 2015 investigation period.
Noticee failed to avail two settlement schemes (2022 and 2024) offered by SEBI following SAT directions.
Adjudicating officer rejected all contentions including delay, cross-examination requests, and applicability of PFUTP regulations.