Description
SEBI release order for Kamaljeet Singh regarding trading violations in illiquid stock options at BSE, addressing recovery proceedings and enforcement actions.
Summary
SEBI has issued a Release Order for Kamaljeet Singh (PAN: ANIPK8791P), identified as a defaulter in the matter of trading in illiquid stock options at the Bombay Stock Exchange (BSE). This order, bearing Certificate No. 8496 of 2025, is part of SEBI’s recovery proceedings and enforcement actions against violations related to manipulative trading practices in illiquid stock options.
Key Points
- Defaulter: Kamaljeet Singh (PAN: ANIPK8791P)
- Certificate No.: 8496 of 2025
- Matter: Trading in Illiquid Stock Options at BSE
- Order Type: Release Order under recovery proceedings
- Date of Order: February 6, 2026
- Exchange: Bombay Stock Exchange (BSE)
- Document Format: Scanned PDF (image-based)
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action applying existing regulations regarding illiquid stock options trading and market manipulation.
Compliance Requirements
This release order pertains to an individual defaulter. Market participants should:
- Avoid trading practices in illiquid stock options that may constitute market manipulation
- Ensure compliance with SEBI regulations on options trading
- Be aware of SEBI’s active enforcement in illiquid derivatives segments
Important Dates
- Order Date: February 6, 2026
- Certificate Year: 2025 (Certificate No. 8496 of 2025)
Impact Assessment
This is an individual enforcement action with limited market-wide impact. The release order addresses a specific case of trading violations in illiquid stock options. While the severity of the underlying violation is high (warranting enforcement action), the impact on broader market operations is low as it concerns a single defaulter. The order demonstrates SEBI’s continued vigilance in monitoring and taking action against manipulative practices in derivatives markets, particularly in illiquid segments where price manipulation risks are elevated.
Impact Justification
Individual enforcement action with limited market-wide impact; relevant for regulatory compliance and enforcement tracking but does not affect broader market operations or multiple entities