81.40% of BSE stock options trades during 2014–2015 allegedly non-genuine
This order addresses SEBI's adjudication proceedings against Ambition Plaza LLP for alleged manipulation of the stock options segment at the Bombay Stock Exchange (BSE) by executing non-genuine trades that created artificial volume between April 2014 and September 2015.
Ambition Plaza LLP (formerly Ambition Plaza Private Limited)
- SEBI alleged that the Noticee executed 4 non-genuine trades in 2 stock options contracts, resulting in an artificial volume of 3,64,000 units.
- SEBI alleged violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003.
- The Noticee did not avail of the SEBI ISO Settlement Scheme, 2024.
- The Noticee argued that the proceedings were delayed and that the trades were legitimate business activities without fraudulent intent.
- The Adjudicating Officer noted that the investigation revealed 14,720 entities were involved in non-genuine trades in the BSE stock options segment during the investigation period.
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Document details
| Official title | Adjudication Order in respect of Ambition Plaza LLP in the matter of Illiquid Stock Options at BSE. |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32416 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |