SEBI Penalizes Pawan Kumar Agarwal HUF ₹5 Lakh for Illiquid Options

SEBI imposes a monetary penalty of ₹5 lakh on Pawan Kumar Agarwal HUF for executing reversal trades in illiquid stock options on BSE.
The trades, executed in 2015, created artificial volume in stock options, violating SEBI's PFUTP Regulations.
The Adjudicating Officer found violations of PFUTP Regulations and imposed a penalty under Section 15HA of the SEBI Act.