Sebi Slaps Fine On 3 Entities

New Delhi: Sebi has levied fines totalling Rs15 lakh on three entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE. In three separate orders, the markets watchdog imposed a penalty of Rs5 lakh each on Brindawan Pandey, Gothi HUF Shavji Raja and Saurabh Khetan. The orders came after the Securities and Exchange Board of India (Sebi) observed a large-scale reversal of trades in the stock options segment of BSE. The regulator observed that such large-scale reversal of trades in stock options leads to the creation of artificial volume at BSE.