SEBI finds 4 fake reversal trades in BHRT15APR400.00CE stock option
This order addresses SEBI's findings that Fastino Dealers Private Limited executed non-genuine reversal trades in illiquid stock options on the BSE, creating artificial volume. It details the adjudication process and the presumption of liability due to the company's failure to respond to notices.
Fastino Dealers Private Limited (PAN: AABCF4252F)
- SEBI found that the Noticee executed 4 non-genuine reversal trades in the stock option contract 'BHRT15APR400.00CE'.
- These trades resulted in the creation of artificial volume of 1,00,000 units.
- The alleged non-genuine trades constituted 22.22% of the total trades in that specific contract.
- The artificial volume generated by the Noticee was 10.11% of the total market volume in that contract.
- 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 respond to the Show Cause Notice or attend hearings despite multiple service attempts and public notices.
- SEBI proceeded ex-parte, presuming the allegations were admitted due to the lack of response.
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Document details
| Official title | Adjudication Order in respect of Fastino Dealers Private Limited in the matter of Illiquid Stock Options at BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32367 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |