SEBI finds 4 non-genuine trades in BHRT15APR400.00CE stock option contract
This order addresses SEBI's investigation into Fastino Dealers Private Limited for allegedly executing non-genuine reversal trades in illiquid stock options on the BSE, which created artificial trading volume. SEBI found the company violated regulations prohibiting fraudulent and unfair trade practices.
Fastino Dealers Private Limited (PAN: AABCF4252F)
- SEBI found that Fastino Dealers Private Limited executed 4 non-genuine reversal trades in the stock option contract 'BHRT15APR400.00CE' on March 31, 2015.
- These trades resulted in the creation of artificial volume of 1,00,000 units.
- The company was found to have violated 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 proceedings were conducted ex-parte as the company did not respond to the Show Cause Notice or attend hearings despite multiple service attempts.
- SEBI presumed the allegations were admitted due to the lack of response, citing precedent from the Securities Appellate Tribunal.
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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 | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |