Sebi fines Scan Steels Rs 18.8 lakh for fraudulent trading
Markets regulator Sebi has levied a penalty of Rs 18.80 lakh on Scan Steels Ltd for indulging in fraudulent trading in the stock options segment of the BSE. The matter pertains to a probe conducted by the regulator between April 2014 and September 2015 after observing large scale reversal of trades in stock options segment of the BSE by certain entities including Scan Steels that led to creation of artificial volume. The probe found that the trades executed by the company “were not genuine trades and being non-genuine, created an…
Read More