SEBI finds 8 non-genuine trades creating 88,000 units artificial volume
This order addresses SEBI's findings that Sonia Chadha executed non-genuine reversal trades in illiquid stock options on the BSE, creating artificial volume. It details the adjudication proceedings and the specific violations of the PFUTP Regulations identified by SEBI.
Sonia Chadha (PAN: AACPC8962H)
- SEBI found that the Noticee executed 8 non-genuine trades in 4 stock option contracts.
- These trades resulted in the creation of artificial volume of 88,000 units.
- The alleged non-genuine trades constituted 14.29% to 100% of the total trades in the respective contracts.
- SEBI alleged violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the PFUTP Regulations, 2003.
- The Noticee did not avail of the SEBI ISO Settlement Schemes of 2022 or 2024.
- The Noticee failed to submit a formal reply to the Show Cause Notice, citing inability to retrieve records from 2014-15.
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Document details
| Official title | Adjudication Order in respect of Sonia Chadha in the matter of Illiquid Stock Options at BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/MS/BK/2026-27/32494 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |