Sebi penalises 4 entities for engaging in non-genuine trades on BSE

Sebi has imposed penalties totaling Rs 20 lakh on Preview Vinimay Pvt Ltd, Paramjyoti Tradelinks, Siddharth Kalani, and Anil Kumar Banka for conducting non-genuine trades in BSE’s illiquid stock options segment, leading to artificial volumes through reversal trades. This violation of Sebi’s PFUTP Regulations, 2003, follows earlier fines on three other entities for similar offenses. The investigation covered trading activities from April 2014 to September 2015.