SEBI Penalizes Rajeev Chandak HUF for Illiquid Stock Options Fraud

SEBI imposes a ₹5 lakh penalty on Rajeev Chandak HUF for executing non-genuine reversal trades in illiquid stock options on BSE.
The Adjudicating Officer found the entity created artificial volume via reversal trades in two stock options contracts.
The order was issued after the entity failed to avail two settlement schemes offered by SEBI.