Adjudication Order in respect of Morisson Traders and Developments Pvt., Ltd., in the matter of dealings in Illiquid Stock Options at BSE

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Last updated: 19 October 2020
Quick Summary
The Securities and Exchange Board of India (SEBI) investigated trading activities in illiquid stock options on the BSE between April 2014 and September 2015. The investigation found that Morisson Traders and Developments Pvt. Ltd. engaged in a significant number of trade reversals, which artificially inflated trading volumes. These actions are alleged to have violated SEBI's regulations against fraudulent and unfair trading practices.

Court :
SEBI

Brief :
Securities and Exchange Board of India (hereinafter be referred to as, the “SEBI”) conducted investigation into the trading activity in illiquid stock options on BSE Limited (hereinafter be referred to as, the “BSE”) for the period April 01, 2014 to September 30, 2015 (hereinafter be referred to as, the “Investigation Period”) after observing large scale reversal of trades in the Stock Options segment of the BSE.

Citation :
ADJUDICATION ORDER NO. PM/NR/2020-21/9402

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1999
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3499
(Excl. of GST ₹629)

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4999
(Excl. of GST ₹899)

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