SEBI finds 2,91,744 non-genuine trades in BSE stock options segment
This order addresses SEBI's adjudication proceedings against Sweta Agarwal for alleged manipulation of the Bombay Stock Exchange (BSE) stock options segment through non-genuine reversal trades between April 2014 and September 2015.
Sweta Agarwal (PAN: BKEPA0806R)
- SEBI alleged that Sweta Agarwal executed 3 non-genuine trades in 1 stock options contract, resulting in an artificial volume of 600,000 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) Regulations, 2003.
- The Noticee was offered the SEBI Settlement Scheme, 2022, and the ISO Settlement Scheme, 2024, but did not avail either.
- The Noticee contested the proceedings, citing delay beyond the limitation period and requesting cross-examination of BSE and brokers.
- The document provided is truncated and does not contain the final penalty amount or final decision imposed by the Adjudicating Officer.
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Document details
| Official title | Adjudication Order in respect of Sweta Agarwal in the matter of Illiquid Stock Options at BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/GN/2026-27/32382 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |