Adjudication Order in respect of Late Sudha V Thakkar in the matter of dealings in Illiquid Stock Options at BSE
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What is this order about?
SEBI issued an order regarding Sudha V Thakkar's alleged manipulation of stock options trading on BSE through non-genuine reversal trades during 2014-2015.
Who it concerns
Sudha V Thakkar (PAN: AEUPT7605Q)
What was found or directed
- SEBI found Sudha V Thakkar executed non-genuine reversal trades in BSE's stock options segment during April 2014-September 2015
- These trades created artificial volume and were alleged to be manipulative
- SEBI initiated proceedings under PFUTP Regulations for violations of regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a)
- The Noticee (Sudha V Thakkar) died on February 15, 2024
- Adjudication proceedings against her were abated due to her death
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/MS/RG/2026-27/32458 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-06-30
ORDER_1782809391.pdf
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