Description
SEBI remittance advice for recovery proceedings against Satyawati for trading in illiquid stock options on BSE under Recovery Certificate No. 8319 of 2024.
Summary
SEBI has issued a remittance advice against Satyawati (PAN: FTRPS4532J) in connection with trading in illiquid stock options on BSE. This is part of recovery proceedings under Recovery Certificate No. 8319 of 2024. The document confirms payment/recovery action taken in the matter.
Key Points
- Defaulter: Satyawati (PAN: FTRPS4532J)
- Matter: Trading in Illiquid Stock Options on BSE
- Recovery Certificate No.: 8319 of 2024
- Document Type: Remittance Advice
- Exchange: BSE (Bombay Stock Exchange)
Regulatory Action
This remittance advice is issued as part of SEBI’s enforcement and recovery proceedings against individuals/entities involved in illiquid stock options manipulation schemes. The advice confirms financial recovery action taken pursuant to the recovery certificate issued by the Designated Court/Recovery Officer.
Enforcement Context
Trading in illiquid stock options typically involves manipulation schemes where operators artificially create positions in low-liquidity options contracts to manipulate prices or create fictitious gains. SEBI takes enforcement action against such manipulative trading practices under securities laws.
Impact Assessment
This is an individual enforcement action with no direct impact on market operations or compliance requirements for other market participants. The action is specific to the defaulter named in the recovery certificate.
Impact Justification
Individual enforcement action with limited market-wide impact. Important for specific defaulter but does not affect broader market operations or compliance requirements.